QQQ has broken down below 487 again this morning and earnings related (MSFT) or not, its a sign of further weakness to come. QQQ A close below 487 brings into consideration the lower wave (iii) and (v) targets to low 400's before December expiration, 50 days from now. The shorter-term divergences indicator is flashing three Sells in a row. High risk, high reward trade. Alternative Speculation: SQQQ Dec 20th $7.00C SQQQ A breakout > $8.00 targets $12.00 This would be about 5X based on current pricing, about the same 5X as on the QQQ $450P if QQQ were to drop to 420.
