$QQQ daily RWB up-trend gone, safely in cash


The nice daily RWB up-trend is now over and could begin a significant BWR down-trend. No one knows how and when this decline will end. With the T2108 at 12, we are near levels where the market has typically bottomed. But in 1987 it reached <1%! Put/call ratio= 1.08, not high enough. When we get a ratio of 1.20 or higher the market will likely bounce, at least short term. No reason for me to return to the market until the QQQ closes (dotted line) back above all of the red line averages.

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