Blog Post: Day 60 of $QQQ short term up-trend, may end Friday; GMI falls to 4, $QQQ closes below 10 week average for first time since last October, see weekly chart

A lot of technical damge was done on Thursday. Friday’s reaction to the jobs report should determine whether this decline will broaden. 10 week average is the blue dotted line. Support for the longer term up-trend is the 30 week average (red solid line).