Blog post: Day 6 of $QQQ short term down-trend; $QQQ sitting on 30 week average, closing this week below it could signal BEGINNING of Stage IV decline

GMI2/6
GMI-21/8
T210846%

The major technical signal that got me out of the 2000 and 2008 declines early was the 30 week average curving down, indicating a Stage IV down-trend. We are not there yet but it begins with closes below that important average. The major part of the decline could still be ahead of us. Friday’s close will be very important to my assessment of the market’s trend.

2 thoughts on “Blog post: Day 6 of $QQQ short term down-trend; $QQQ sitting on 30 week average, closing this week below it could signal BEGINNING of Stage IV decline”

Leave a Reply

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

%d bloggers like this: