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Blog Post: Day 8 of $QQQ short term down-trend but GMI=4 and could turn GREEN on Wednesday; $QQQ back above all 12 daily averages in modified Guppy chart, see also RWB uptrend in $XBI.
The dotted line is the daily close. It has now retaken all 12 of the short (red) and longer term (blue) exponential averages. Another strong day on Wednesday might turn the GMI GREEN. The QQQ short term trend remains down but could reverse later this week. The AI stocks have not recovered but many other…
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