27th day of $QQQ short term up-trend

GMI5/6
GMI-27/8
T210865%

The QQQ appears to be holding its up-trend, but notice all of the red down volume spikes recently in its daily chart, suggesting distribution by the funds.

QQQdaily03192014

1 thought on “27th day of $QQQ short term up-trend”

  1. As always, I want to thank you for your insights and generosity.

    You recently responded to a question about your short term analyses. In that answer you said that you’ve never written a paper about your methodology. Would it be possible to paint a broad picture of how your short term indicator works (i.e., in general, at what it looks)?

    Thanks,
    Alex

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