This weekly chart shows that we have entered a down-trend like the one that began last April. Whether this decline will break the June lows is unknown. However, any trend follower must respect this down-trend and be in cash or in an inverse index ETF. I like SQQQ. Note QQQ closed back below its 10 week average (purple dotted line).
The GMI remains RED and at 0 (of 6)
Your are using $SQQQ in your blog. Am I correct in assuming that you are referring to options?
NO, SQQQ and TQQQ are ETFs. Just enter the symbols as you would a stock.