2nd day of QQQ short term up-trend; in cash

GMI1/6
GMI-23/8
T210831%

This new QQQ up-trend is uncertain for me until it reaches the 5th day.   Once a short term trend lasts 5 days it is much more likely to continue.   The adviser poll results in IBD show only about 4% more bulls than bears.   Having so many advisers being bearish is a sign of possible strength for the market.   If we could get more bears than bulls, we might have a true bottom of the decline in place.   Note that the T2108 is at 31%, back into neutral territory. I remain in cash.

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