GMI turns Red; 2nd day of $QQQ short term down-trend; $SBUX enters Stage IV decline

GMI2/6
GMI-22/8
T210819%

This weekly chart shows that SBUX entered a Weinstein Stage IV decline. Will people go out to buy coffee in a crowd in China?

1 thought on “GMI turns Red; 2nd day of $QQQ short term down-trend; $SBUX enters Stage IV decline”

  1. Dear dr. Wish,
    I’m a long time follower of you and I’m very interested in your statement of buying the TQQQ when your $QQQ short term trend indicator identifies a new up-trend. I’m just wondering when you technically decide that a new ST uptrend has started.
    Do you advice to use a stoploss in case things would go wrong?
    If yes, where do you advice to place the StopLoss level?

    Best regards and thanks in advance,

    Pieter

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