I will become more confident of this new short term down-trend if it can reach day 5. For now, I own some calls on SQQQ and am almost 100% in cash in my margin account. Things are too volatile for me to trade right now. The prior 21 day short term up-trend of the QQQ generated no trading profits. Another day with the GMI below 3 will send a GMI Sell signal. Stay tuned. (I have two types of signals. The first is the QQQ short term trend count. The second is a more significant general market, GMI signal. I take both signals into consideration in timing the market.)
Good suggestion to be in cash, markets are not trending, they are moving up or down hourly depending on the latest news blip from a politician.