14th day of QQQ short term down-trend; GMI at 3


I went to cash in my trading accounts on Thursday.   It is very unusual to have a GMI of 5 and to still be in a QQQ short term down-trend.   And now the GMI has fallen to 3.   One more day below 4 will turn the GMI signal to sell.   With the jobs report coming out on Friday morning, I found it better to retreat to the sidelines.   Too many leaders are weakening. IBD considers the up-trend to be under pressure.

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