NVDA has now closed below all 12 moving averages. (Dotted line is close.) It has also failed to hold its green line.
The GM is now at 4. The successful new high component is now negative and there were fewer than 100 new highs on Friday.
General Market Index (GMI) table
Blog Post: Day 17 of $QQQ short term up-trend; This daily chart shows how one could have entered $APP when it had a GLB (green line break-out) last September. My GLB tracker table below shows, a GLB can really be a terrific set-up. My GMI is still 6 and Green.
APP had a high volume GLB on September 17, 2024.
And below is the GMI table.
Blog Post: Day 13 of $QQQ short term up-trend; GMI= Green and 6 (of 6); GLB and green dot called recent advance of $IBIT, see daily chart and monthly chart with flag pattern.
The start of the recent advance in bitcoin was marked by an unusually high volume green line break-out (GLB) and a green dot showing a Stochastic 10.4 and 10.4.4 crossover. I noted when it happened that it looked like a promising “flag” pattern, see monthly chart. The “N” designates a note I entered in TC2000 on the daily chart.
