Wednesday was 32nd day of QQQ short term up-trend, but it could reverse on Thursday. But with the put/call ratio around an extreme 1.2, the market could bounce.
Dr. Wish
GMI back to 6, but rocky open coming
With futures down a lot this morning, it looks like we might test Monday’s low today.
GMI declines to 4
QQQ short term up-trend in jeopardy. T2108 plunges to 41%. IBD back to “up-trend under pressure.”