The GMI is still at 5. 50-59% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Monday. The GMI-S fell 6, as one of the four short term indicators for SPY turned negative. Note, however, that all four indicators for IJR (small-cap stocks) remained positive. Monday was the 3rd day (D-3) in the current QQQQ down-trend.