One chart in particular is sending out a warning, as QQQ is ominously breaking below its two-year support trendline:QQQ Weekly A lot of time this week for QQQ to close back above trendline, or to accelerate down. CPI out Wednesday before the Open...could be a barnburner. SQQQ - 3 Hour Chart The indicated Wave progression has a third wave up at multiple degrees of trend, projecting now into the $50's. Stock Index Option Positions Trailing stops are suggested for all positions, locking in profits on at least half of these gains, while leaving some on, "just in case." IWM Daily Two hours before the close - at the lows of the day.
