QQQ offers an objective long entry for a bounce trade here at the 280 support for another run up to the downtrend line. Daily chart below.
QQQ daily Dec 7th
/NQ also offers an objective long entry here with positive divergence on this 15-minute chart & QQQ trading a hair below the key 280 support in pre-market for a short-term bounce trade up to the downtrend line/11745ish resistance. As this would be considered an aggressive, counter-trend trade following yesterday’s impulsive breakdowns below the uptrend lines on SPY & QQQ, less-active or more risk-averse traders not interested in gaming a bounce could wait for a potential rally back to these price targets to add to any swing or trend short positions.
NQ 15m Dec 7th