Blog: Day 9 of $QQQ short term down-trend; GMI could turn RED Wednesday; See ominous weekly chart below.

GMI2/6
GMI-21/9
T210856%

I am slowly exiting the markets. QQQ is now resting on support at the Green Line. Past declines often did a few head fakes before the market decline got going. GMI2 is only 1!  We could get a bounce to the declining 4 or 10 week averages. That could offer the  last chance to exit with minimal losses. It looks like a double top is in. I  hope I am wrong.

Screenshot

 

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