Short and longer term trends remain up.
Bull back on track, 24th day of QQQ short term up-trend
Support held on Tuesday as many stocks rebounded from Monday’s decline.
23rd day of QQQ short term up-trend
The more sensitive GMI-2 fell to 3. Monday was a pretty weak day for the QQQ. One more down day would end the QQQ’s short term up-trend and begin a new down-trend. Given my post yesterday, it is important for me not to jump the gun and to wait for a definitive break-out, if one is to come.