Blog Post: Day 2 of $QQQ short term up-trend, but I would not bet on it lasting through Wednesday. 81 new US highs, 170 lows and 18 at ATH; $GLD renewed its down-trend, see daily chart

@ 8:12 pm
GMI3/6
GMI-25/9
T210838%

Note the above average volume on Tuesday’s decline.

1 thought on “Blog Post: Day 2 of $QQQ short term up-trend, but I would not bet on it lasting through Wednesday. 81 new US highs, 170 lows and 18 at ATH; $GLD renewed its down-trend, see daily chart”

  1. The intraday pattern of Friday and Monday is evidently that of a short squeeze. The market went 1.5 days w/o a 5-min stochastic being oversold. This is reminiscent of 2008 where rallies lasted long enough to sucker most traders in, then the bottom would fall out.

Leave a Reply

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