While a number of my internal indicators are getting stronger, the market indexes failed to break through important moving averages on Monday. The GMI is at 0, and the GMI-R is at 3. The Worden T2108 Indicator, at 27%, is moving up out of oversold territory. On Tuesday, the averages will likely either break above their key moving averages or resume the decline. Monday was the 28th day of the QQQQ short term down-trend.
Buying yet?
I closed out all shorts and have begun to go long. Key moving averages are being penetrated on the up-side.