Strong Daily RWB up-trend continues–flying on instruments


By focusing solely on what the market is doing, I have held positions in TQQQ and SPY. This chart shows a sustained daily RWB up-trend in place since mid-June. The GMI turned Green a few days earlier on June 10. The QQQ has not closed (dottted line) below all 6 red averages since June 3rd.   I will exit partially with a close below all red averages and fully when one or more of the red averages decline to converge with the blue averages.

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