Here is a broad look at QQQ Support coming up from April, 2025 lows: Zeroing in on today's decline: A close today under support would suggest a new position in Feb QQQ puts. CAUTION: We have tried unsuccessfully to short this market before, so caution is advised. Nonetheless, a breakdown is a breakdown and with AI earnings around the corner (TSM tomorrow), now is not the time to get cold feet. If QQQ threatens to close at today's lows, i.e., below the support line up from April, around $615.00 or below, add the Feb $580P.
