As long as the index is rising above its 30 week average (red line) and the 10 week average (dotted line) is above the 30 week average, then the index remains in an up-trend. I do not try to predict, only to determine the market’s current trend. The gray solid line is the weekly close.
Blog Post: Day 38 of $QQQ short term up-trend; $CHAT, after a GLB, closed at ATH and is an ETF focusing on AI, see daily and monthly charts and list of holdings
Here is a list of CHAT’s holdings. Note the recent GLB, green line break-out, to an all-time high, ATH. CHAT came public in May of this year.