10 reasons for a short term market decline–come back on Halloween?

There are a number of factors suggesting that the current QQQ short term up-trend is about to end:

1. Daily Bollinger Bands are very narrow, indicating low volatility and an imminent break in one direction or the other;
2. Daily MACD histograms are negative;
3. Daily fast stochastic is below slow stochastic;
4. After many weeks, QQQ has closed below 10 day and 4 week averages;
5. 2nd quarter earnings are mostly out–post-earnings lull;
6. On verge of weakest month of year–dreaded September;
7. GMI2=4 and T2108 weakening;
8. Growing anxiety over a possible Fed hike in September, and November election;
9. Sell in May, come back on Halloween;
10. Completed 37 days of QQQ short term up-trend.

Time for me to raise sell stops and be defensive— until Mr. Market tips his hand…..