Let’s see how long this counter-trend rally can go. Here is the daily chart of QQQ:
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8th day of $QQQ short term down-trend, riding $SQQQ
On sidelines mainly in cash, with a little SQQQ (3X leveraged inverse ETF of QQQ). See daily chart of SQQQ below–it rises as QQQ falls.
7th day of $QQQ short term down-trend
GMI issues Sell signal. I am mainly in cash.