QQQ fell below its important 282.79 threshold and then dropped quickly to its 50 day moving average where it found some temporary support. Going into the close it is now back above 282.79...barely. A break below the 50 day moving average, currently at about 280, will be a bearish event constituting an Intermediate Term Sell Signal. If that occurs, I will be back with confirmation and Put recommendations for an intermediate term trade.
