The GMI and GMI-R are now at their maximum values. Monday was the second day of the new QQQQ up-trend. The Worden T2108 indicator is now at 55%. It will be interesting to see how the Fed’s actions affect the trend.
Stock Market Technical Indicators & Analysis
The GMI and GMI-R are now at their maximum values. Monday was the second day of the new QQQQ up-trend. The Worden T2108 indicator is now at 55%. It will be interesting to see how the Fed’s actions affect the trend.
Fed must cut. how much is the question. Still, I wouldn’t be too surprised to see a bit of a ‘sell the news’ reaction here. Don’t expect a change in trend (from the current intermediate uptrend) here if they cut.