IF

the Nasdaq 100 (QQQQ) can recapture the daily VWAP at 43.40 (also approximate location of daily Pivot) then teh market may see some further upside. The market has gotten deeply oversold and now there is a divergence present between price on the 60 minute timeframe and the MACD. I am long a small amount of Sept 43 calls and will likely add to the position. But if the market drops back below 42.80 I’m gonna bail on the trade.