Blog Post: Day 12 of $QQQ short term up-trend, but the GMI=2 and could flash Red on Monday; Fed on deck and then end of quarter

Indicators

  • GMI: 2/6
  • GMI-2: 2/9
  • T2108: 33%

I am quite defensive now given last week’s action. We need to see what the Fed does this week.  This is not the time for me to take on large positions on the long side. A good Fed announcement could lead to a strong close of the third quarter.

 

The post Blog Post: Day 12 of $QQQ short term up-trend, but the GMI=2 and could flash Red on Monday; Fed on deck and then end of quarter first appeared on Wishing Wealth Blog.