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Blog: Day 12 of $QQQ short term down-trend, but $QQQ held its 30 week average and Green Line; the GMI remains on a Green signal for now. See weekly chart and analysis. The GMI=4, see table.
$QQQ last week held the 30 week average and the Green Line. It bounced up against its 4 week average. I expect resistance at the 4 wk and/or 10 wk averages. Let’s see if it can close back above the 4 wk average this week. If it fails to hold above the recent Green Line…
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