Daily stochastic for SPY, DIA, QQQ all above 80, which is where short term declines begin. Here is QQQ:
Indexes still look weak–check out weekly chart of $QQQ
DIA and SPY look just as weak to me.
Once again, green dot indicator predicted bounce
You can learn about the green dot indicator in my prior posts. It is a daily 10.4 stochastic cross and indicated by a green dot on the price chart and the arrow on the stochastic chart below. When a stock or index ETF is in a sustained up-trend (QQQ is not) buying on the green dot signal often works for me. During a down-trend one can sometimes also get a tradable bounce. You can access at my TC2000 Club a video showing how to add the green dots to the price chart.
The GMI remains at 0 (of 6) and on a Red signal.
