QQQ fails to break through resistance; still cautious

GMI4/6
GMI-24/8
T210857%

The QQQ (Nasdaq100 ETF) could not hold above its 30 day average.   Monday was the 15th day of the QQQ short term down-trend. The late day sell off also raises concerns.   While the GMI is still at 4, I am reluctant to take on long positions now.   Stay tuned.

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