QQQ Intermediate Term Sell Signal < $310 (any time) Option: April 16th $300P ($5.65-5.75) ------------------------------------------------------------- Just as the January 12th Sell Signal is coming off the board, QQQ is on the edge of a fresh Sell. I'm deviating slightly from the usual "at the close" filter because of a probability that the drop could be volatile, especially if $300 falls. QQQ fell from $338 to $297 in a Wave 1 down in February into the first week in March. Wave 2 has retraced a Fibonacci 61.8% at Tuesday's high at $324.20. Today will be the first in a string of red candles that could cascade into the Fibonacci extension levels shown on the chart. If the EW analysis is right, that a Wave 3 down is starting, the market is heading much lower. First, QQQ has to decline below $310, and then below $298.65, the first Fib target.
