Dr. Wish

IBD says market up-trend has resumed.   A strong day on Friday could result in a new QQQ short term up-trend and a Buy signal from the GMI. The QQQ still has not broken out of its descending channel, shown by the magenta lines below. Will it happen on Friday?

The Major indexes stopped just short of key resistance levels. Thursday they will either close above them or start to fall again in a meaningful decline.

The rebound of the QQQ continues. How far will it go?