Here’s another way to look at my preferred scenario playing out that aligns with my previous post on how I like to see various key support levels hit around the same time to help identify a possible trend reversal.  If AAPL were to fall below the horizontal support line down to the rising uptrend line not far below, that move should coincide very well with the QQQ hitting my final intermediate swing target (T4).  Although visually it may appear as if the Q’s have to fall much more than AAPL, both are only slightly above 3% from those targets.  Noticing this increases my confidence in that preferred scenario (more downside before a meaningful, lasting bounce).  Not that my trades should influence anyone else’s, I have decided to remove all hedges in anticipation of this scenario but will monitor the market action closely to adjust as needed.