SPY and DIA are hugging their 50 day averages (green dotted line). Close of SPY below 234.39 (205.79 for DIA) could spell trouble.
Dr. Wish
81st day of $QQQ short term up-trend; $GLD strong RWB up-trend 12/6/6
Gold is holding up and the major indexes are suffering large volume down days. We must become more defensive, especially after 81 days of the QQQ up-trend.
80th day of $QQQ short term up-trend
We are closing in on the longest short term up-trend (88 days) since I began counting in 2006. QQQ measures 12/12/6/6 and remains in a RWB up-trend.
