GMI flashes Red Signal

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GMI-20/8
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When the GMI turns Red it could signal a significant market down-trend to come. It has also turned Red for a day or two at a bottom. Time will tell. For the moment, I am in cash. The QQQ’s 4 week average (red dotted line) is now moving below its 10 week average (blue dotted line). See weekly chart below.

 

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