16th day of $QQQ short term down-trend; ominous BWR pattern

GMI1/6
GMI-21/8
T210849%

The bounce from oversold levels ended and the decline has resumed. Note the developing BWR pattern in the daily Guppy chart of the QQQ. I remain in cash, with a small position in SQQQ.

Screen Shot 2016-05-17 at 8.11.45 PM

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