QQQ closed back below all 12 averages (dotted line=daily close).
Dr. Wish
$QQQ closes back below 10 week average
10 week average is purple dotted line in this weekly chart. The major bullish sign here is the fact that the 30 week average (red line) is turning up. However, it still looks like a failed GLB and a possible double top.
The GMI remains on a Red signal.
6th day of $QQQ short term down-trend; Can $QQQ and $SPY head towards daily RWB?
A close of QQQ today above 185.14 would put QQQ back above all 12 daily moving averages and may suggest the start of a new RWB up-trend. Dotted line is daily close. Daily RWB= red white and blue up-trend with all shorter daily averages (red lines) above all longer daily averages (blue lines). Stay tuned.
Similar level for SPY is a close above 287.72.
