3rd day of $QQQ short term down-trend; GMI=0 Wednesday, October 2, 2019 @ 8:41 pm by Dr. Wish GMI0/6 GMI-21/9 T210839% SPY looks very weak. Will it form an ominous daily BWR pattern?
GMI flashes Red; 2nd day of $QQQ short term down-trend; buying $SQQQ Tuesday, October 1, 2019 @ 10:09 pm by Dr. Wish GMI1/6 GMI-22/9 T210851% Twice as many new lows than new highs. Time to be short or out in my trading accounts. QQQ closed below (dotted line) all 12 averages.
GMI falls to 2, new $QQQ short term down-trend but QQQ has green dot signal. Monday, September 30, 2019 @ 9:01 pm by Dr. Wish GMI2/6 GMI-23/9 T210864% It is too early to tell whether the new down-trend is tradable. Tomorrow’s action will tell whether the GMI flashes a Red signal. Note that the QQQ, DIA and the SPY had green dot signals. Is this a cup with handle? Go figure………