18th day of QQQ short term up-trend; GMI falls to 4, GMI-2 to 0

GMI4/6
GMI-20/8
T210866%

I am in cash in my trading accounts.   Another flat or down day in the QQQ will start a new short term down-trend. There were more new lows than new highs on Thursday. The T2108 is at 66, still in neutral territory.   If we begin a decline, T2108 is a long way from oversold. Here comes Friday the 13th! (I am not superstitious–it’s bad luck.)

1 thought on “18th day of QQQ short term up-trend; GMI falls to 4, GMI-2 to 0”

  1. This time around if we get a rally, we have to be careful to be tight on our stops because it might look like a volatile rally up

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