Blog Post: Day 2 of $QQQ short term down-trend; 79 new US highs and 361 lows; in cash; $SPY is just below its 30 week average, very dangerous, see weekly chart


The 30 week average (red solid line) is now declining again. Stage 4 down-trend may be gaining steam, watch out. Break-outs are failing. I am in cash. T2108= 28%. When it goes below 10% I will be looking for a bottom.

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