QQQ offers an aggressive short entry here for a short-term swing trade (5½% profit potential to T2) in anticipation of a breakdown below the minor uptrend line and/or a alternative entry or add-on to come on a solid break below this minor uptrend line with a potential longer-term sell still pending a solid break below the primary uptrend line + 200-day MA’s which most of the major indices & sectors are currently trading slightly above. 60-minute chart below as of yesterday’s close (futures currently trading about flat) with the two short-term swing targets while the longer-term swing & trend targets remain as previously posted on the weekly chart.
QQQ 60m May 20th
60-minute chart of /NQ (Nasdaq 100 futures) with current & short-term support levels & pullback targets shown with solid arrows, potential longer-term swing targets dotted + as previously posted on weekly chart of QQQ. As with QQQ, one could take an aggressive short here in anticipation of a breakdown below that upper-most minor uptrend line (my preference) and/or wait for the more conventional entry on a breakdown below it before initiating a position or adding to a starter position taken here.
NQ 60m May 20th