The 20 yr treasury bond ETF is going vertical, reflecting falling long term interest rates. Will U.S. rates go negative?
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End of window dressing, GMI near to Buy signal
Thursday was 9th day of the QQQ short term down-trend. However, the GMI could signal a Buy with a good close Friday. IBD now sees the market in a confirmed up-trend, invoking a rare 3 day follow-through day rule. Next week should tell if this amazing rebound will hold.
8th day of $QQQ short term down-trend; brick wall?
We shall now learn whether this market can hold up after the funds finish their end of quarter window dressing on Thursday. The GMI remains on Sell and IBD still sees market in correction. The QQQ has rebounded to its key declining weekly moving averages. It will be interesting to see if the QQQ now hits a brick wall. Check out this weekly chart.
