This QQQ Daily chart sets out what is possible on the downside once the big picture decline set out in the past Weekend Update takes over. For whatever reason, technical, geopolitical, fundamental, if market action suggests that such a decline is playing out in real time, adding April puts is the option play this week and into Good Friday (April 3rd). Anything beyond April 3rd and we will be looking at May/Jun strategies. QQQ Daily Note the price levels between 580.74 (Wave (1) Low) and 578.54 (last week's low print) as key support which if broken should usher in a sharp decline toward Wave 3 of (3) target...and beyond. QQQ Apr 550P MSFT 2-Day Breaking down from a 3-year support trendline, MSFT is a major high-weight component of DJI (DIA), S&P 500 (SPY), Nasdaq 100 (QQQ).
