QQQ continues to decline within the downward sloping channel I described in my post last night. Another sign of potential weakness is the fact that AAPL closed Thursday again below its green line. AAPL had a GLB on 11/29. The green line top was at 237.23. After a recent GLB failure, the attempt to stay back above its green line has failed on above average volume. NVDA is also below its recent green line top, see weekly chart. A close below its 30 week average (red line) could be ominous.
If you have been invited to attend the Minervini Gala this weekend, I hope you will say hello. I will not post again until early next week. My trading accounts are in cash or TBIL. Be careful.
