The three most important components of the Fear & Greed Index remain at Extreme Greed levels. The message is that price levels are too extended to take on risk of long positions while not weak enough to break through support Key Levels triggering additional puts. It's only Monday and only the first two hours of trading at that, so a lot can still happen between now and the end of the week. QQQ Daily Trend Model - Still Early In A Sell Signal Based on the macro momentum indicators cited above and this QQQ Trend Model Fresh Sell, there is nothing to do beyond the taking of initial short positions in Feb puts (last week). Another drop from above to below 400 could trigger another leg down. QQQ Short-Term (120 Minute)
