QQQ 15 Minute A breakdown below 319.90 would provide ample evidence of the beginning of a Wave 3 down to much lower levels. New positions should take time into account and go to April 14th expiration. Best bang for the buck (currently): QQQ Apr 14th $320P (12.00-12.10) QQQ Apr 14th $300P (5.80-5.90) VXX 30 If VXX starts running and stays above trendline the VXX Mar 18th $27C provides high risk, super high reward, short-term trade.