The GMI is still 1. 67-75% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Wednesday. Wednesday was the 13th day in the QQQQ down-trend. There were 29 new highs and 142 new lows in my universe of 4,000 stocks. Will Wednesday’s bounce hold? No one knows. The trend is down until it changes.