It is very difficult for me to fly by instrument, but the GMI has just issued a Buy signal. Talk about head fakes! I am mainly in cash in my trading accounts and making small bets.
Dr. Wish
New $QQQ short term up-trend
If the GMI holds 4 or more on Friday, it will flash a Buy signal.
IBD calls new market up-trend;
My $QQQ short term down-trend reached its 9th day on Wednesday. A strong day on Thursday will start a new short-term up-trend. I cut back on my shorts and started building a long position in TQQQ. This market could still go in either direction.