New $QQQ short term up-trend; Happy New Year


The GMI remains on a Sell signal but my QQQ short term trend count has turned up. I do not trust a change in trend until it reaches the 5th day. The QQQ met resistance around 114, as I suspected it might. The market indexes are moving around flat moving averages and are subject to whip-saws until a new trend develops. Next year things will become more clear. Until then, I wish a Happy New Year to all of my guests.

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