Note the black volume spikes (up days) since November. Are institutions running to gold for fear of US default?
And fleeing the dollar.
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Blog Post: Day 4 of $QQQ short term up-trend; But many break-downs; Very defensive, see chart of $DIA
Back in cash for now. Even sold my TQQQ. DIA looking weak. Too many break-downs.
Blog Post: Day 3 of $QQQ short term up-trend, see daily chart
The bottom seems to be holding and the 8 EMA (dotted line) is now above the 21 EMA on this daily chart. Will it hold or break down like it did in December? Only time will tell.
