Bog Post: Day 5 of $QQQ short term down-trend; I will not fight the trend, in cash plus some $SQQQ

GMI0/6
GMI-22/8
T210832%

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)

 

 

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