2nd day of $QQQ short term down-trend; mainly in cash


The GMI has just issued a Sell signal.   I am mainly in cash in my trading accounts with a small position in SQQQ. I will buy more SQQQ if this down-trend can last 5 days (through Friday). However, as this daily chart of the Dow 30 shows, it has just bounced after five straight days down and could retrace back to around 16,300 before resuming the down-trend.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.