$QQQ short term up-trend could end Monday, but green dot also possible


The current QQQ short term up-trend has lasted 44 days and could end on Monday. If it does, new QQQ short term down-trends often (41% of time) last less than 5 days. The QQQ daily 10.4 stochastic = 38.56 and is also low enough to bounce and could  flash a green dot signal. But I would prefer that the stochastic reach a very oversold level, around 20, first. Must be patient and react after it happens and not anticipate the signal, however.

The GMI remains strong and suggests that the longer term up-trends are intact.

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