Not So Fast

No two snowflakes are exactly alike. The same can be said for the three squiggly lines that buying and selling decisions are based on when using the CMI. This looks like the slowest transition from one trade to another in CMI history. The current QLD trade is hanging tough and has avoided extinction on a few occasions but a Monday close on the QQQQ's below 47.96 will be the death blow that I have expected for a week or so. Of course "rally is as rally does" as Forrest Gump used to say.