The GMI turned Red at the close on October 12. Since then the QQQ has declined -2.87% along with 64% of the NASDAQ 100 stocks and 67% of the S&P500 stocks. Meanwhile the SQQQ has increased +8.8%. I rest my case.
But beware–the put/call ratio=1.18.
Stock Market Technical Indicators & Analysis
The GMI turned Red at the close on October 12. Since then the QQQ has declined -2.87% along with 64% of the NASDAQ 100 stocks and 67% of the S&P500 stocks. Meanwhile the SQQQ has increased +8.8%. I rest my case.
But beware–the put/call ratio=1.18.
GMI downtrend started almost a month ago. When you say “5th day of QQQ short term downtrend” are you referring to GMI-2?