I am in cash on the sidelines in my trading accounts. GMI could issue a sell signal on Thursday. Meanwhile, my QQQ short term trend count is now D-1, day one of a new down-trend. I am usually more confident of a new short term trend when it reaches the 5th day.
seems to me that you’re looking at the market too short-term recently. obviously there is a lot of uncertainty, but it makes sense to ride the wave up until that 50-day MA < 20-day MA