A common mistake some people making....

When market is in a clear uptrend, such as the one we had since April, any meaningful sell-off is bought up quickly. You can see a clear visual effect of this in QQQ chart -- no down turn would last more than a week before it started to climb back

However, this is not the case after 10/29. It has been almost 3 weeks and we have not even had one higher high, but with multiple lower lows.

Maybe tomorrow is the day this market starts to reverse this downtrend, but maybe not. Patience is needed here. It may not be realistic to expect a quick rally back that people are so used to in a uptrend market