A flat or down day would bring the end of the QQQ short term up-trend. The DIA and SPY closed below their 50 day averages. In spite of this weakness, recent GLB, MZOR continues to climb.
Dr. Wish
85th day of $QQQ short term up-trend; $SPY finds support
The indexes held support on Tuesday. SPY held its 50 day average (green dotted line) and bounced off of its lower Bollinger Band.
84th day of $QQQ short term up-trend; BB pinch continues; $BABA and $MOMO gogo….
The Bollinger Band pinch for the DIA is incredibly tight. The DIA will likely break out Tuesday or Wednesday. Which way it will go, I do not know. The Chinese stocks, BABA and MOMO, were very strong on Monday. I guess we now know which country got the better deal in the US/China talks last week.
