The coil is constricting between the upper and lower 15.2 daily Bollinger Bands. Note the several failed blue dot oversold bounces. Which way will QQQ break out? Stay tuned. Earnings season is upon us.
The GMI=3 but the GMI2 of some more sensitive shorter term measures is =7. And QQQ’s Stage 2 longer term up-trend continues with its 10 week average above its rising 30 week average for the 10th week.
