QQQ short term up-trend reaches 41st day, now in jeopardy; T2108 declines

GMI6/6
GMI-24/8
T210870%

The GMI2 is 4, reflecting short term weakness.   Since this up-trend began, the QQQ has advanced almost 9% in only two months.   The market could not maintain that type of momentum indefinitely. A decline in the QQQ on Wednesday would trigger a short term down-trend in the QQQ.   However, with the GMI so strong, I will not touch my university pension accounts. I am cutting way back, however, on my trading accounts for now. This weekly chart shows   that the T2108, at 70%, is now out of extreme territory. Click on chart to enlarge.

1 thought on “QQQ short term up-trend reaches 41st day, now in jeopardy; T2108 declines”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: