QQQ hit the 314.65 price target hit on Monday while I was on vacation with the Q’s consolidating on that support level since. Potential bounce targets that would offer objective short entries or add-ons would be the 319 former target/support (now resistance), where QQQ is currently trading in the pre-market session, and/or intersecting primary downtrend line/323ish resistance. Previous (Aug 16th & Aug 18th) and updated 60-minute charts below.
QQQ 60m Aug 16th
QQQ 60m Aug 18th
QQQ 60m Aug 25th
We also have a fully developed potential Bearish Pennant Continuation Pattern on /NQ (Nasdaq 100 futures) with a sell signal to come on an impulsive break and/or 60-minute close below the pattern.
NQ 60m Aug 25th