24th day of QQQ short term down-trend; in cash and short

GMI0/6
GMI-20/8
T210830%

The failure of the market and AAPL to bounce back does not bode well for the long side of this market. Best to be on the sidelines in cash or a little short.

1 thought on “24th day of QQQ short term down-trend; in cash and short”

  1. Im starting to see a bunch of positive divergences in nearly every indicator. RSI, MACD, etc in the indexes. I will close my shorts if it were me. Especially any ETFs tied to the general market.

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