Blog Post: Day 8 of $QQQ short term down-trend; Earnings season bounce is here; $AAPL is no longer in a daily RWB up-trend, see modified GMMA charts of $AAPL, $TSLA, $NVDA and $SPY
A daily RWB (red/white/blue) is a pattern of an advancing stock. In a daily RWB up-trend, the daily close (dotted line) leads all 12 short (red) and longer term (blue) averages higher, with a white space between them. Clearly, AAPL is no longer in a daily RWB up-trend.
TSLA’s daily RWB up-trend has also ended.
As has NVDA’s.
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