IBD says up-trend has resumed and the GMI could issue a Buy signal on Thursday. SHOP had a recent GLB and is showing strength. Check out its weekly chart.
Dr. Wish
Two markets: $QQQ flat for 8 weeks while $SPY is weaker
The QQQ is flat for 8 weeks.
But the SPY (and DIA) is weaker.
Something has to give……
2nd day of $QQQ short term up-trend–index prone to whipsaws…
QQQ short term up-trend may end with a down day on Tuesday. The 30 day moving average is flat and prone to whipsaws.
