2 thoughts on “3rd day of $QQQ short term up-trend; $SPY back to daily RWB”

  1. Without intending to be snarky here — seems worth pointing out that the start of the “QQQ short term downtrend” perfectly nailed the short term bottom and would have been a nice buy signal. So again the entry on the uptrend was above the exit on the downtrend. In the context of a longer term trend, these short term signals do not seem very effective, if you want to use them as exit/entry signals. And again I’ll point out the problem with the GMMA averages: if you want to use them for exit/entry you are most likely going to be selling low, buying high

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