NDX LOD tagged the daily 13-EMA at 1605 NDX. The 20-EMA is at 1593 currently on the daily. That might be the destination on this drop, but I don't think they'll put those QQQQ 40 calls in the money for expiration. <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll4!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...</A> Cloes on the lows hit earlier, FWIW.