I don't day trade. I woke up, checked the market, and it was down 250 points. Even then that's what, ~1.4%? Still an absolute nothingburger. A good demonstration on why we should all thank day traders for gambling like degenerates so our commissions stay low though.
I don't know what you're talking about at all. I've been riding this rally since Trump got elected and since 2018 have been taking off chunks of risk because every fundamental measure for a market is indicating we're screwed once the fed stops saving us. I'm just hoarding cash at this point so I can buy when the fire sale happens around election time (if Bloomberg gets the nomination Trump will almost certainly lose - the guarantee to win for Trump is only vs. Bernie).
PEs continue to go up, earnings growth continue to go down. So all value isn't even relative - there is no value. Companies are trading at multiples their books can't support. If the CAPE ratio doesn't at least make you stop and ponder I'll be happy to take all of your money in your long QQQ on the way down!