Bounce fails to break above resistance and GMI remains Red ; 22nd day of $QQQ short term down-trend

GMI3/6
GMI-23/8
T210835%

The  future of the longer term up-trend depends on whether the QQQ can find support again at the 150 day moving average (lower purple dotted line). However, the most recent green dot signal is still operative. I am in cash in my trading accounts and waiting for Mr. Market to tip his hand.

An ominous sign is that the daily RWB up-trend has clearly ended. Will it turn into a BWR down-trend?

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