$SPY in daily BWR down-trend, $GLD in daily RWB up-trend (all red lines above blue lines with white space separating them)
The value of these charts is clear to me. I trade long when the stock/index is in a daily RWB up-trend. I have sold weekly covered calls on GLD.
$QQQ back below 30 week average–caution needed–end of Stage II up-trend?
QQQ back below 30 week average (red line)–major sign of weakness.
