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It looks to me like GIMO had a break-out to an all-time high on Monday on above average volume.

However, this market is not out of the woods yet.

The GMI turned Red at the close on October 12. Since then the QQQ has declined -2.87% along with 64% of the NASDAQ 100 stocks and  67% of the S&P500 stocks. Meanwhile the SQQQ has increased +8.8%. I rest my case.

But beware–the put/call ratio=1.18.