Blog post: Day 7 of $QQQ short term down-trend; This weekly chart of S&P-500 looks ominous


The index could bounce all the way back to the 10 week (purple dotted) or 30 week average (solid red) and still be in a Stage 4 down-trend. The 30 week needs to curve up for me to think the down-trend is ending.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.