As per my current trading plan shared in recent videos, I am adding to long-term swing/trend shorts here on this second push into the 200-SMA & will add to that position if & only if QQQ (and SPY + the top SPX sectors) break below their respective uptrend lines (as covered in the recent video). My stop scale out zone remains if & as QQQ starts to clearly move back above the key 500ish resistance on QQQ. Long-term swing & trend price targets remain as previously posted on the weekly chart. (T3 already being hit with shorts covered there & longs taken to game this counter-trend rally… next targets T4-T7). Daily chart below.
QQQ daily May 8th