The GMI declined to 5, as it looks like the Daily QQQQ Index is probably negative. Only 3-16% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 Indexes rose on Wednesday. 
While I usually like to see two down days before I call a down-trend, the index looks so weak that I am comfortable calling the change in trend. The QQQQ and SPY are now below their 10 week averages. I am closing out my long positions.
See the bottom of yesterday’s post for my disclaimers.