Active trader (or swing trader) sell signal to come on a break below this near-term 5-minute chart uptrend line with /NQ & QQQ trading at the primary downtrend lines on the daily & 60-minute charts. 5-minute charts of /NQ & QQQ with near-term pullback targets below.
NQ 5m Aug 13th
QQQ 5m Aug 13th
Bottom line: Whether or not these trendlines break (which I believe is likely & imminent), /NQ & QQQ still offer an objective short entry here as they are now trading at their primary downtrend lines off the July 10th all-time highs on the daily & 60-minute charts. The 5-minute charts above help to provide potentially precise timing for an active trader looking to take a day-trade (oversized, i.e.- larger than a typical swing trade) position for a quick trade down to those near-term targets while typical swing & trend traders might opt to stick with developments on the 60-minute, daily, and/or weekly charts.