In cash; GMI likely to turn Red, but high put/call ratio

GMI2/6
GMI-24/8
T210824%

My indicators have turned very negative. The GMI and QQQ short term trends will likely turn Red/down by Friday’s close. One positive–put/call ratio Thursday= 1.18. I am in cash in my trading accounts but still invested in mutual funds in my university pension. Major indexes still in Stage 2 up-trends. Check out weekly chart of SPY.

 

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