Huge distribution day for $QQQ; split market–on sidelines

GMI6/6
GMI-24/8
T210860%

With the growth tech stocks getting slammed, I sold out and went to cash. Maybe this is just a short aberration. Or maybe they shoot the leaders before the troops. I will observe safely from the sidelines in my trading accounts until the dust settles. After all, I am a chicken. Anyway you look at this, this daily chart of QQQ shows a huge distribution day.

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