On the weekly chart, QQQ is starting to lose upside momentum. Williams %R has rolled over and is pushing lower, showing that buying pressure is fading after a strong run. When this indicator drops and stays weak on a higher timeframe, it often signals that a pullback could turn into something more sustained rather than just a brief dip.

With momentum shifting lower while price struggles near recent highs, this setup suggests downside risk may be building — making puts worth considering if weakness continues.

I wish you the very best,

Wendy

P.S.If you want me to just shoot you a text or an email when I spot a trade like this, you are going to want to take a look at this.