20th day of $QQQ short term down-trend; $DIA has ominous BWR technical pattern


More new lows than new highs on Wednesday again. IBD back to up-trend under pressure, lowered from confirmed up-trend. AAPL and QQQ failed to hold morning gains.   An ominous technical pattern is being formed by the DIA (Dow-30 ETF).   It is now forming a bearish BWR pattern with all of the shorter averages (red) below the longer averages (blue), with all averages pointing down. Note that the former bullish RWB pattern ended in July.


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