The GMI2 is 4, reflecting short term weakness. Since this up-trend began, the QQQ has advanced almost 9% in only two months. The market could not maintain that type of momentum indefinitely. A decline in the QQQ on Wednesday would trigger a short term down-trend in the QQQ. However, with the GMI so strong, I will not touch my university pension accounts. I am cutting way back, however, on my trading accounts for now. This weekly chart shows that the T2108, at 70%, is now out of extreme territory. Click on chart to enlarge.
When you say you are reducing your positions in your trading accounts are you referring to your green line stocks, the NASDAQ (QQQ, QLD) or both?