The QQQ’s 10 week average (blue dotted line) is still below its 30 week average (solid red line). A sign of strength–the 4 week average (red dotted) has now crossed above the 10 week average. I remain on the sidelines, in cash.
Dr. Wish
9th day of $QQQ short term up-trend
QQQ up against 30 week average (red line).
GMI back to Sell
QQQ could not break through resistance. It is very rare for the GMI signals to change so quickly.
