26th day of QQQ short term up-trend

GMI5/6
GMI-25/8
T210859%

My indicators are holding up, in spite of the recent declines in many key stocks.   The QQQ was very extended and is just coming down to the major trend lines.   I still remain mostly on the sidelines until leading stocks start to rise again. I own a little QID and a little AAPL.   If one falls the other should rise.

Note how this   weekly chart shows the QQQ returning towards the 4 wk average (red dotted line) and/or 10 week average (blue dotted line).   As long as the QQQ remains above its 10 week average, I am confident of the up-trend. Click on chart to enlarge.

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