The QQQ has now closed below its 10 day average for the first time since June 28. (See blue dotted line below.) Combined with other indicators, it looks like the current rally may be ending. We are also entering the post earnings release lull period and the weakest month of September. A good buying opportunity is likely ahead, but I am very defensive for now.
When do you usually close out a long TQQQ? Do you wait for a sell on the GMI?
I often start selling or raise stops if the QQQ short term trend turns down.