Blog Post: Day 19 of $QQQ short term up-trend, short and long term up-trends intact; What happened to $DAL after its GLB?

Last Wednesday I posted that DAL looked promising after it had an oversold bounce (blue dot).  Then on Thursday the stock tanked and traded below the green line. I would have been stopped out because the bounce failed. But DAL held the green line and rose on Friday. I have written many times that the buy signal after a GLB is intact as long as the stock closes repeatedly above the green line. So we will learn this week if it continues to be a tradable GLB and closes only above 63.44.

The GMI remains at 5 (of 6).

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