Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.

Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance.

GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10.