Market should continue down or sideways for a good while

All signs from the past few weeks action, starting on September the 3rd, point to a continuation down or in the best case scenario sideways move for probably a few weeks. Today the QQQ failed on the 50 days line and went down in higher volume than the previous day.
Even if there is a sudden bursts of good news, given the sharp drop that we had from the 3rd, there is a lot of overhead supply and trapped people waiting to get rid of their longs. So on any pop attempt we should expect the selling to continue until that inventory is worked out.
This is the moment to stay in cash or trade smaller positions with tighter stops.