This has been an an incredibly difficult market in which to trade profitably. New short term up-trends often fail within 5 days. If this new up-trend can get past 5 days, we might see a significant tradable rise. The GMI is still Red but could turn Green on Thursday. Watch to see whether QQQ can continue to close above all of these 12 averages. Dotted line shows daily closes.
where is the blog entry that we are going down (again), time to get out and essentially doomsday macro call …seems to have disappeared?
When the data change, I change.
Sorry i didnt realize the blog entry i saw and was referring to, was March 20ish 😉