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Blog Post: Day 17 of $QQQ short term up-trend; $QQQ retook its rising 4 week average, it is looking strong to me.
The weekly set-up is strong after last week’s strong close. The 4wk>10wk>30wk and QQQ closed back above its 4 wk average. And the GMI is at 5 (of 6) and still Green, see table below. The weekly 10.4 Stochastic is now=80.5, evidence of a strong up-trend.
