GMI: 0; GMI-R: 1; T2108: 11%; 60th day of QQQQ short term down-trend

The GMI remains at zero (of 6), but the more sensitive GMI-R rose to 1 (of 6).   I do not typically identify a tradeable up-trend until the GMI is at least 3, and this market is still a long way from a real up-trend signal.   Monday was the 60th day of the current short term down-trend in the QQQQ. There were 3 new highs and 99 new lows in my universe of 4,000 stocks on Monday.

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