Chart of the Day - Wednesday, August 20, 2025
August 20, 2025
🏆 Today's Chart of the Day was shared by @CyclesFan.
- The Nasdaq 100 ($QQQ) notched its first five-day losing streak of the year today, pulling back a total of -4.2% on an intraday basis, and just -2.5% on a closing basis.
- $QQQ hasn't seen a six-day losing streak since the bear market lows of October 2022, but tomorrow could change that.
- @CyclesFan highlights the parallels with the last two five-day losing streaks in January and November 2024, both of which began from record highs, fell roughly ~4%, and returned to new highs within two weeks.
The Takeaway: The Nasdaq ($QQQ) just logged its first five-day skid of the year. Past five-day streaks quickly resolved to fresh highs, but a sixth down day tomorrow would be something this bull market hasn't seen yet, and a potential character change.