The bifurcated market is clearly evident in the truth that the QQQ is above its 10 week common whereas the SPY and DIA stay under. So the GMI which is closely oriented in the direction of the QQQ has now gone to Green, four days after it turned Red. The QQQ short term development has additionally modified to up. I often wait for five days of a new QQQ short term development to commerce it aggressively. I did nibble at TQQQ on Friday. Time will inform.
- GMI: 5/6
- GMI-2: eight/eight
- T2108: 53%
SOURCE: Wishing Wealth Blog – Read complete story here.