QQQ has turned down and may be a key index to watch over the next few days. A close below 305 would lead to additional selling as it would coincide with the indicated short-term sell Signal, the latest red down arrow on the QQQ 120 minute chart below. Short-Term Sell Pending: on a close below 305.00 Option: QQQ Apr 21st 295P (3.58-3.60) Stop: 50% Trailing from highest price post-entry. QQQ - Short-Term Trading Model (120 minute) A further breakdown to below 285 is possible and would more than likely kick-off a waterfall decline across all indices. We will be adding to VIX calls by that time.
