Gray solid line is weekly close. That needs to come back above 30 week average (solid red) to indicate a likely new longer term up-trend. Then the dotted line (10 week average) should climb back above the red. Check out the bottoms in 2019 and 2020.
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Blog post: Day 8 of $QQQ short term down-trend; Hourly GMMA chart shows 20 Year Treasury bonds rallying–Why?
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?
