QQQQ Nasdaq 100 Trust (29.87)

The nearest place to look for a bullish turn is 31.12, a Hidden Pivot support, but that may be too close for a relaxed entry, given that volatility has routinely been thrashing our more delicate targets. There’s a sturdier looking one where we might try to intercept, however — at 30.20, the midpoint pivot of a somewhat large pattern. The Cubes are unlikely to get there today, but if they do so before the final hour, buy two November 31 calls (QAVKF). _______ UPDATE: The Cubes collapsed in the final hour, turning the 30.20 support into suet. We took no position because the order had expired, but if you did so anyway, I’d counsel against holding it overnight.