If 10 week fails to hold (blue dots) , the next major support is the 30 wk average (solid red line) and/or prior green line. A failure to hold the 10 week will be a major sign of weakness. My trading accounts are in cash with a little position in SQQQ. If the QQQ short term up-trend ends next week I will accumulate SQQQ. The growing number of daily new lows and the many failures of leading tech stocks to rally off of good earnings were major signs of weakness. No one knows when and where this decline will end. We must contain losses. Tonight’s GMI will be 3 or less.
