Blog Post: Day 24 of $QQQ short term down-trend; $SPY and $DIA join $QQQ in daily BWR down-trends. Staying long now is fighting the market’s trend. See also what a daily RWB up-trend looked like for $QQQ that began in May, 2025. That is the pattern to be long.

When the shorter averages (red) decline below the longer term averages (blue) leaving a white space between them, it is a daily BWR down-trend. I will not hold long positions except money market funds or treasury ETFs  (TBIL). Dotted line shows daily closes. This is my modified Guppy chart based on Daryl Guppy’s GMMA indicator. Guppy’s book is listed on this blog.

Note what a daily  RWB up-trend looked like beginning last May. Ignore the news and opinions and let the market guide our trading.