The 10 wk average is now below the 30 week average for DIA, SPY, QQQ, IWM. This could mark the end of the 2 year up-trend that began in February, 2023.
10 wk avg (dotted line), 30 wk avg (red solid line) close (gray line).
Stock Market Technical Indicators & Analysis
The 10 wk average is now below the 30 week average for DIA, SPY, QQQ, IWM. This could mark the end of the 2 year up-trend that began in February, 2023.
10 wk avg (dotted line), 30 wk avg (red solid line) close (gray line).
I am in 60% cash. Thanks for the heads up. There’s still too much cash sloshing around in individual investor accounts. Rumor has it that hedge funds are over levered. Once they are forced to liquidate, we will have the bottom imho.