Short term up-trend about to end?


Thursday was the 11th day of the QQQ short term up-trend.   A down of flat day wil change my trend count to negative.   Time to be defensive.   The Worden T2108 indicator is at 19%.   It got to 7% at the bottom on August 8.   Anytime T2108 gets into single digits it has been a good time to buy a bullish index   ETF like SPY, DIA or QQQ.   However, right now it looks like a continuing Stage 4 decline (see weekly GMMA chart of SPY   below).   My university pension is 70% in cash.

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