Back to new QQQ short term up-trend

GMI1/6
GMI-22/8
T210828%

We are in a period   with the index going back and forth above and below its key moving average. That is why I prefer to trust a new trend only after it reaches the fifth day. Thursday was the first day of a new QQQ short term up-trend.   All of this is happening within a longer term down-trend. I am still mainly in cash with a few small long positions.

5 thoughts on “Back to new QQQ short term up-trend”

  1. Short term up-trend is based on days above a key moving average I follow. Thursday was first day of new QQQ short term up-trend (U-1). However, the key moving average is declining and the trend may reverse again soon. The QQQ keeps whipsawing around its declining moving average–not a good sign for a strong up-trend.

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