Watch 2,250 On The Nasdaq (QQQQ)

The Nasdaq futures are nearing are a critical level of support, 2,250. If 2,250 can not hold, then we could potentially see a fresh wave of selling.

At last check, shares of PowerShares QQQ Trust, Series 1 (NASDAQ: QQQQ) were down 20 cents to $55.30, a loss of over 0.3% today.

The investment is a unit investment trust designed to correspond generally to the performance, before fees and expenses, of the Nasdaq-100 index.