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I have rarely seen such a back and forth in my QQQ short term trend indicator. The market is clearly going sideways. I am 99% in cash in my trading account and 100% cash in my university pension accounts. Will the June bottom hold? No one knows!

I enjoyed presenting at the great 2022 TraderLion conference this weekend. The 4 days of presentations are now available at their Youtube site. Here is day 3. I am on about half way through Day 3 , after John Boik. Thank you to all who attended live. I greatly enjoyed the experience and hope you got some value out of it.

Daily BWR down-trend since May. Note the green line top.

In this daily chart, all of the red lines are declining below all of the blue lines with a white space between them= BWR decline. This is the time for me to be mainly in cash. Remember to catch my presentation on Saturday at 2:40 pm EST at the third day of the TraderLion 2022 conference. The recordings of presentations from all days are also available on their site. The link to Saturday’s program is here.