I am in cash in my trading accounts. Another flat or down day in the QQQ will start a new short term down-trend. There were more new lows than new highs on Thursday. The T2108 is at 66, still in neutral territory. If we begin a decline, T2108 is a long way from oversold. Here comes Friday the 13th! (I am not superstitious–it’s bad luck.)
This time around if we get a rally, we have to be careful to be tight on our stops because it might look like a volatile rally up