GMI falls to 1; new QQQ short term down-trend

GMI1/6
GMI-22/8
T210842%

I am in cash on the sidelines in my trading accounts.   GMI could issue a sell signal on Thursday. Meanwhile, my QQQ short term trend count is now D-1, day one of a new down-trend.   I am usually more confident of a new short term trend when it reaches the 5th day.

1 thought on “GMI falls to 1; new QQQ short term down-trend”

  1. seems to me that you’re looking at the market too short-term recently. obviously there is a lot of uncertainty, but it makes sense to ride the wave up until that 50-day MA < 20-day MA

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