Note the prior weekly RWB up-trend. (All shorter term averages (red lines) rising above longer term averages (blue lines) with white space separating them).
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Blog Post: Day 23 of $QQQ short term down-trend; This daily chart shows that $SPY bounced right on schedule at its TCL–is it a dead cat bounce?
Only time will tell. GMI still=0. This was a trend channel line (TCL) bounce–thank you Vas. (@TCLTrader)
Blog Post: Day 22 of $QQQ short term down-trend; Here are a set of tutorials by my late co-instructor that teach you how to construct charts using TC2000; See $QQQ and $ARKK in BWR down-trends
I have recently discovered a Youtube site (The Restless Page) that my late co-instructor, David, built that shows you how to add some of my indicators and create Guppy charts etc. using TC2000. I have used TC2000 for over 20 years and it is easy to use, because I can! I hope you enjoy them. Here is a weekly Guppy chart of QQQ showing it has entered a BWR down-trend (all short term averages , red lines, are declining below longer term averages, blue lines, with a white space separating them).
Here is ARKK, which is in much worse technical shape.
