New $QQQ short term down-trend and GMI Sell signal–Dead cat bounce? Watching $SQQQ


My long and short term indicators have turned down. I usually have more confidence in a short term trend change when it persists for 5 days but this tepid rebound looks to me more like a dead cat bounce? Note the lower volume on Monday’s rebound compared with that on Friday’s decline. For now, I wait safely on the sidelines and watching $SQQQ for a possible entry….


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