3rd day of $QQQ short term up-trend; but $DIA below all 12 RWB daily averages
The Dow has now closed back below all 12 daily moving averages in the RWB chart.
GMI turns Green but $SHY tells it all
The consistent march down in short term treasury bonds and resulting rise in rates is clearly evident in this weekly BWR down-trend pattern (see glossary). The seeds of destruction of this bull market have been planted by the Fed.
