I posted after the first distribution day (first arrow) that the subsequent reaction rise needed to exceed the high of that down day. It did not. There were 3 lower volume up days. Now we have a decline on larger volume. I am in cash and TBIL in my trading account. If we get a tradable bounce I will start buying TQQQ. Note that T2108 is 70%, reflecting the contrasting strength in NYSE stocks.
Can you please explain what the T2108 and GMI are, and how they are so high? And perhaps put them in your glossary. Thanks!