Blog Post: 316 US new lows, GMI=0, support line fails, see chart; Stage 4 decline on deck? Cash is king

GMI0/6
GMI-22/9
T210818%

QQQ closed below its trend channel line of support on above average volume. QQQ has also closed below its key 30 week average, turning GMI to 0. This could be the beginning of a major Stage 4 decline. Look out below….

 

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