The QQQ has broken support (see daily chart below). I am going to cash or short. I may be wrong but I would rather conserve cash for the next rally. It would be a major sign of weakness to me if the QQQ closes today below 64.87. If it looks like it will I will close out my remaining TQQQ. Too many of the market darlings I follow have already been wounded, including ISRG, CMG, AZO, PNRA and AAPL. My trading gurus have written that after the leaders fall, the rest of the market eventually follows.
What was the GMI for today?