To survive, I need to conserve my trading capital. My trading accounts are hence in money. The GMI may possibly flash Red at the close on Tuesday. It is a great deal simpler to make money on the lengthy side when the GMI is sturdy and Green. GMI= my Basic Market place Index. The GMI keeps me trading with the market place trend. Sadly, when once again, I failed to get a tiny SQQQ on the 1st day of the QQQ brief term down-trend. QQQ is now under its 10 week moving typical (purple dotted line on this weekly chart). Note the failed GLB (green line break-out), a significant sign of weakness.
Meanwhile, T2108 is only at 36%, not low adequate for a significant bottom.