QQQ setup March 8, 2024
Mar 14, 2024
Dale's Nightly Update on Friday, March 8, 2024, highlighted the QQQ divergence to the downside on the 10-minute chart at 10:20 Eastern (7.20 Pacific). The VXX 10-minute chart had started trending up from the Opening Bell which added confirmation to this divergence.
The QQQ Chart clearly shows the strength of the divergence below.
The QQQ 440 Puts that expired on March 8, 2024. Entry clearly around 3c, and exit before the QQQ MACD turned around. 5000% gain.
