With the GMI at 1 on Monday, this marks two days below 3 and a new Sell signal. The QQQ short term trend also turned down. IBD signaled on Tuesday that the market is now in a correction. I am almost sold out of all of my long positions and hold some SQQQ. Time to watch from the sidelines. This daily chart of the QQQ shows the recent GMI buy and sell signals. Click on chart to enlarge.