Overbought?–$DIS, $SPY, $QQQ have daily 10.4 stochastics>90

GMI4/6
GMI-26/8
T210849%

When the index ETFs have overbought daily 10.4 stochastics >90, it is likely at least a small decline is coming. On the other hand, the GMI=4 and could turn Green on Tuesday. The QQQ has closed (dotted line) above all of the 12 daily Guppy chart averages. The key to the market’s trend is what happens during the next decline.

 

Leave a Reply

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