Only about 20% of new QQQ short term up-trends last less than 5 days. Nibbling at $TQQQ. Will accumulate as long as short term up-trend lasts and especially when it gets past 5 days.
GMI flashes “Green” signal; 30 week average turning up
Time to look for long entries. However, patience is needed, the QQQ is extended, floating above its 4 week average (pink dotted line). Looking for a decline to that average or maybe a retest of the 30 week average.
IBD says market back in confirmed up-trend; GMI could turn Green at Monday’s close
Still in QQQ short term down-trend-21st day. SPY now above its 10 wk average.
