Day 2 of $QQQ short term up-trend, U-2; Daily RWB up-trend forming?

GMI5/6
GMI-24/8
T210840%

Daily BWR down-trend pattern is over but there is not yet a daily RWB pattern, The close of QQQ (dotted line) above all 12 moving averages is promising. Will it lead the averages up into a new RWB up-trend?

1 thought on “Day 2 of $QQQ short term up-trend, U-2; Daily RWB up-trend forming?”

  1. Also, the QQQs are having a difficult time maintaining their position north of the 50 DMA. I’m hesitant to invest until they begin to live above the 50, so that it can become support.

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