Blog post: $QQQ, $DIA meet resistance at 30 week average; $SPY holds just above; Failure to hold 30 week average could portend significant Stage 4 decline, see weekly charts

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GMI-25/8
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Failure to hold above a declining 30 week average is a very ominous sign of weakness.   Too many break-outs are failing.  End of quarter mutual fund window dressing is over. Time to be defensive on the sidelines and wait for the signal. The market should reveal its major trend in a week or so.

 

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