The last time this happened was during the Covid related decline in 2020.
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Blog post: Day 19 of $QQQ short term down-trend; chart shows $PYPL in a daily BWR decline since September–I only hold stocks in a daily RWB up-trend
All the shorter term averages (red) should be rising above the longer term averages (blue) with a white space separating them. BWR down-trend is the opposite.
