The hourly GMMA chart can pick up changes in trend before the daily chart. This hourly chart shows TLT beginning an RWB up-trend. Why would longer term rates be coming down? Do traders suspect a recession and weaker economy down the line?
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Blog post: Day 7 of $QQQ short term down-trend; This weekly chart of S&P-500 looks ominous
The index could bounce all the way back to the 10 week (purple dotted) or 30 week average (solid red) and still be in a Stage 4 down-trend. The 30 week needs to curve up for me to think the down-trend is ending.
