$SPY enters daily BWR down-trend; 3rd day of $QQQ short term down-trend

GMI1/6
GMI-21/8
T210831%

SPY enters daily BWR down-trend (see glossary). All of the shorter averages (red) are now declining below all of the longer averages (blue). This ominous pattern did not fully develop during February’s decline. Cash is king!

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