Counter trend rally continues. GMI moves to 4 and could issue a Buy signal by Wednesday’s close.
Dr. Wish
10th day of $QQQ short term down-trend; counter-trend rally
Let’s see how long this counter-trend rally can go. Here is the daily chart of QQQ:
9th day of $QQQ short term down-trend; over-sold bounce coming?
All of the major indexes I follow have over-sold 10.4 daily stochastic readings (<20) . I suspect we are about to get a short bounce within this longer term down-trend. I remain mainly in cash.
