GMI: 6; GMI-R: 10; Impact of Fed?

The GMI and GMI-R are now at their maximum values.  Monday was the second day of the new QQQQ up-trend.  The Worden T2108 indicator is now at 55%. It will be interesting to see how the Fed’s actions affect the trend.

1 thought on “GMI: 6; GMI-R: 10; Impact of Fed?”

  1. Fed must cut. how much is the question. Still, I wouldn’t be too surprised to see a bit of a ‘sell the news’ reaction here. Don’t expect a change in trend (from the current intermediate uptrend) here if they cut.

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