10th day of QQQQ short term up-trend

GMI6/6
GMI-R10/10
T210881%

The QQQQ up-trend continues, completing its 10th day on Thursday.   The GMI and GMI-R are at their maximum values. The Worden T2108 Indicator is at 81%, in overbought territory, where it can remain for months.   The up-trend that ended on May 4th lasted for 52 days, so the current one cold have a long way to go.   Then, again, it could end at any time.   Right now, I have some long positions as I wait for a sign that we are entering a Stage 2 up-trend.   I must remain vigilant and ready to exit if this young up-trend suddenly ends.   I sold out my UNG position with a loss on Thursday.

4 thoughts on “10th day of QQQQ short term up-trend”

  1. You say you are waiting for signs of a stage 2 uptrend. What are those signs, price above an uptrending 30 day or 30 week moving average?

  2. I am glad you stated you had a loss…(UNG) because I never saw you saying that you had losses in the market, although I knew in many cases you had losses. Now I will believe you a little more in other issues.

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