Not looking too good right now

u/earlflannelshirt69 · Reddit — r/options · March 07, 2026 at 17:16 · ⬆ 17 pts · 💬 43 comments | View on Reddit ↗

AI Summary

Author notes deteriorating breadth, VIX near 30, and QQQ below all SMAs except the 200, concluding cash is best.

QQQ — AVOID The author observes deteriorating market breadth, VIX approaching 30, and QQQ trading below all simple moving averages except the 200-day. He concludes the best action right now is to stay in cash, implying avoiding QQQ exposure.

Breadth deteriorating, VIX almost 30, QQQ under all SMAs except 200.

Score 17

Comments 43

Upvote % 64%

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Ideas

u/earlflannelshirt69 Reddit r/options

Weak breadth and VIX spike favor cash

The author observes deteriorating market breadth, VIX approaching 30, and QQQ trading below all simple moving averages except the 200-day. He concludes the best action right now is to stay in cash, implying avoiding QQQ exposure.

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This Reddit post, published March 07, 2026, features u/earlflannelshirt69 discussing QQQ. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/earlflannelshirt69 · Tickers: QQQ