Despite the comments that I made in the video published earlier today, upon further review of the charts I have decided to close out the QQQ short trade here around the 162.13 level (the new final target). Original & updated daily charts:
This results in a 7.4% profit from the Nov 7th short entry at 175.00 or a 9.5% profit for those that booked profits at T1. For those planning on holding out for additional downside in QQQ, consider lowering stops to protect profits at this point. This trade & all associated posts will now be moved to the Completed Trades archives for future reference.