re; techless rally
right, ALL index's need to participate in a true rally.
i say; for those focused on DIA & SPY, take it as far up as you can. cut it loose at obvious signs of trouble. The up/down .015% in Q's means nothing to me. I will be in the next tech rally.
the downside;
1, $naa50 is at the top of the chart
2, weekly $nasi is on the down stroke
3, daily $nasi was up today, but i do not see it trending
4, smh is showing H/S pattern with downside daily stoch and daily macd, tomorrow will tell if smh breaks down, INTC got a downgrade.
5. $comp is still inside its bullish flag, no break-out.