31st day of $QQQ short term down-trend–may end Thursday

GMI1/6
GMI-24/8
T210840%

Another up day will end the QQQ short term down-trend.  It will take a lot more time and strength to change the GMI to a Buy signal, however. This weekly chart shows the QQQ to still be in a Stage 4 down-trend. Note the declining 30 week average (red line).

QQQ02172016

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