9th day of QQQ short term down-trend; market in correction

GMI0/6
GMI-22/8
T210819%

I remain in cash, watching the strength and duration of this rebound. Major trends remain down. IBD calls the market in a correction and is waiting for a high volume follow-through day in order to change to a rally mode.   With volume declining during this retracement, we could   see another leg down.

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