A quick and brief follow-up to the analysis from this Weekend Update, taking into account price action so far today (around mid-session). The indices opened higher but two hours in gave it all back and then some. My instructions to the PRO service this morning was to add April market short positions, "on a QQQ break below 500." At the time, QQQ was trading at 508-509, now it just broke below 504 and heading perilously close to the "below 500" trigger. Well, whats good for the goose is good for the gander, so for all traders, treat any close below QQQ 500 as an intermediate term Sell Signal. QQQ (at 11:11 AM MST) SQQQ 2Hr April SQQQ Calls April IWM Puts
