2nd day of $QQQ short term up-trend within a Stage IV down-trend?

GMI2/6
GMI-25/8
T210847%

QQQ is near resistance. A lot of indicators are converging around 107-108.   Will QQQ break through?

QQQ10062015The QQQ remains in a technically weak pattern with the 4wk<10wk<30wk averages. As long as the 30 week average (solid red line) is moving down we are in a potential Stage IV down-trend. This is no time to be long, except for addicted gamblers.

QQQweekly10062015

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