GMI: 0; GMI-R: 0; QQQQ in 37th day of down-trend, fails to break through

The GMI and GMI-R are both back to zero. There were 40 new 52 week highs and 90 new  lows in my universe of 4,000 stocks on Friday.  The QQQQ bounced down off of resistance.  Time to be defensive and mainly in cash.

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