• Futures carried the momentum from Friday's close and gapped up in premarket on Monday. 
• The open had a little dip to 288 and it seemed to be a bear trap.
• QQQ found some momentum and bounced off the 289 level to 293. It battled 293 for most of the day and closed strong. But then...  
• SNAP's CEO released a letter to employees and submitted a document to the SEC that outlined a rocky earnings ahead in July. Yes, in July... This was damage control from the statements made in the past earnings. This caused a negative ripple effect for all advertising companies. $GOOG and $FB took a hit in afterhours thanks to this news. 
• DXY dropped to almost 102. Will the drop continue?

• PMI data is out at 9:45am for Tuesday, and FOMC minutes are coming out on Wednesday. 
• Earnings: BBY is in the morning
• Monkeypox news is again something to monitor. 

• QQQ will most likely open red thanks to that Thanos SNAP from their CEO in afterhours on Monday. So it is all about the 285 and 290 levels for me. 
• If QQQ cannot hold 285, then you have to look at puts especially with FOMC minutes being released on Wednesday afternoon
• If QQQ breaks 290, then it continues the same move as Monday and gets a test at 293, and 296.50. 
• There are no technical indicators that hint at a direction. 

• $QQQ - for calls 290 > 293 > 296.50 
• $QQQ - for puts 290 > 288 > 285 > 280 > hell
• $QQQ price target for a potential rally is still 305