New $QQQ short term down-trend and GMI turns Red; $QQQ on critical support


Both my QQQ short term trend indicator and the GMI signaled weakness on Wednesday. QQQ short term down-trends often (41%)  fail (end) within 5 days. After 5 days I feel more comfortable owning SQQQ. The QQQ is resting on support at its lower 15.2 daily Bollinger Band and its 50 day average (green dotted line). Thursday will be a critical day to watch its action.


Leave a Reply

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