Blog post: Day 3 of $QQQ short term down-trend; 71 new highs, 518 new US lows; Use daily modified GMMA chart to detect end of decline, see charts


This modified GMMA daily chart shows 6 shorter term exponential moving averages (red lines) and 6 longer term averages (blue lines). I have added a dotted line that shows each daily close.  After a large decline, a close back above all of the averages (shown by arrows) can signal a new up-trend. Right now we would need a close of the QQQ above 391.68.

Here is end of 2020 COVID induced decline.

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