Stock up 5x, weekly chart.
$QQQ retakes green line, 48th day of QQQ short term up-trend; buying $TQQQ; My TC2000 club removed
I had to exit SQQQ and buy TQQQ on Monday. This is a small risk transaction because if QQQ closes back below its green line I will exit with a small loss. I must trade by my rules, not according to the news, opinions or a story. I am content to be long with QQQ above its 30 day average (solid red line).
I learned today that TC2000 has ended clubs. This is because their new software version allows sharing ideas with a link. I will do so in the future. I will post a link to the video showing how to add the green dot signal to one’s charts.
Blog post: $QQQ had an above average volume down week and a failed GLB, but daily RWB up-trend still in place–very defensive, cash +$SQQQ
Note that the QQQ closed the week right on its 4 week average (pink dotted line) and on the precipice. There is no reason to be brave here with the futures predicting a swoon at the open. Failure to hold the GLB was a serious sign of technical weakness and could be a double top. Went to cash in my trading account and hold some SQQQ.
But we are still in a daily RWB up-trend.
