The Intermediate Term Trend Model for the Nasdaq 100 (QQQ) has turned hard down and appears to be leading the general market (SPY & DJI) lower. This is pointing to a serious decline into August and September, minimum. We are situated in both trading services in the QQQ Sep 19th $450P, up close to triple digits in the few short days we have taken the positions. Based on the chart pattern below, there is much, much further to go on the downside. QQQ Daily Trend Model Sep expiration target = QQQ 410-400 QQQ Sep 19th $450P Eight weeks to go until expiration; at QQQ 410-400 these options are up 10X. SPY Daily Trend Model - Sell Signal Pending (Small Red Arrow) DJI For Dow Watchers - A Close Below 39,500 spells trouble
