You can see my MoneyShow presentation here. I explain GLBs, blue dot signals and Guppy charts.
The GMI=1, only because there were more than 100 new highs. Compare the modified Guppy charts for QQQ and SPY.
Day 6 of $QQQ short term down-trend; I hope you were in cash; Very mixed market, T2108 rises to 41% and there were 164 US yearly highs and 51 ATHs, the most since mid-August. 10 of the ATHs were in insurance and 9 were banks; MA and V keep hitting ATHs. Tech stocks, though, are being bludgeoned. Thus, SPY is holding up bettter now. My MoneyShow presentation about GLBs is now available, see the tab at the top of my blog page for a discount to get Deepvue and my “F” charts.