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Blog Post: Day 1 of new $QQQ short term up-trend, GMI will likely flash GREEN Monday! $QQQ and $SPY have closed back above their 10 week averages. I will slowly accumulate $TQQQ. See my adapted daily Guppy chart of $QQQ. Back in a week.
On Day 1 of a new short term up-trend it is very difficult psychologically to go long immediately because the market, by definition, had recently been declining. It is tempting to drive with one’s hands on the rear view mirror instead of the steering wheel. So I will add a little TQQQ and accumulate more…