An hour after the Open and the Q's are looking pretty bad. Note the slicing through the first Key Level @ $474 as through it wasn't even there. Next support is near the Key Trend Channel between 460-450, depending on how long it takes to get there. This trade strategically chose Sep expiration to keep time from being a factor, so it doesn't matter how long it takes to reach ultimate support, around 410-400 and there is plenty of time to get there. QQQ Hourly Gap-Open below First Key Level Support QQQ 240 Minute Wave 3 of 5 unfolding. QQQ Sep 20th $450P Just one week into trade and already closing in on a triple digit gain.
