GMI=Red but QQQ still in Stage II up-trend

GMI1/6
GMI-25/8
T210849%

As long as the QQQ remains above its 30 week average (red line) and the average is climbing, the market is still in a longer term up-trend. If QQQ closes below its 30 week average for several weeks, we are in for a major decline. A close back above all-time highs would be very bullish.

 

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