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

GMI1/6
GMI-21/9
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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.