QQQ short term up-trend in jeopardy


One more weak day for the QQQ would begin a new short term down-trend.   Meanwhile, the GMI-2 fell to 4 and the T2108 to 63%. The market is finally reacting to the coming budget deadline. IBD now sees the “uptrend under pressure.” I am largely in cash in my trading accounts but fully invested in mutual funds in my university pension.

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