TLT fell on Wednesday, indicating rising interest rates for the 20 year US treasury bonds.
Dr. Wish
16th day of $QQQ short term down-trend; ominous BWR pattern
The bounce from oversold levels ended and the decline has resumed. Note the developing BWR pattern in the daily Guppy chart of the QQQ. I remain in cash, with a small position in SQQQ.
GMI rebounds to 3, 15th day of $QQQ short term down-trend–108=key level
Still in cash and a little short. Monday was the 15th day of current QQQ short term down-trend. If QQQ, now at 106.82, can retake and hold above 108, my indicators would turn around.