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The QQQ is between its 30 day (red solid line) and 50 day (green dotted line) averages. Waiting for one of these to be broken through.

Green dot signal suggests a bounce. SPY and DIA also have recent green dots.

With a revised Wednesday’s GMI reading of 2 and Thursday’s reading of 1, the GMI has turned Red.  The GMI has turned Red briefly at oversold bottoms or at developing significant down-trends. Time for me to be very defensive.