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$QQQ - Monitoring the 704.45 level for put activity
Watching $QQQ closely today. The intraday low of 704.45 seems to be holding for now. If we see a break and sustained close below that, it could signal further downside, potentially invalidating recent bullish sentiment. On the other hand, a bounce from this level could indicate strong support and a retest of yesterday's highs. My risk tolerance for puts below this mark is limited.
1 comments · 1 points
That's a good level to watch. Are you seeing any increased volume on the puts at that strike, or is it more of a technical observation based on price action?