The QQQ active swing trade current offers the next (third) objective short entry here in the pre-market session (or regular session but only on or below the primary uptrend line, not above it) on this backtest of both the primary uptrend line off the October lows as well another bounce back to the top of the February 13th gap (gap/price resistance). Daily chart with a 60-minute zoom-in inserted below.
QQQ daily Feb 22nd
Of course, an objective add-on to a QQQ or /NQ short would depend on one’s current positioning (size), as we still don’t have the next & final (“all-in”) sell signals of a break below last Tuesday’s lows on SPY, META, & AMZN, nor is QQQ currently trading below last Tuesday’s low at this time (all four must be in place for the next & final (“full position”) sell signal. However, the fact that IEF remains solidly within my YELLOW ZONE further supports the case to stick with my trading plan where rallies into resistance on QQQ will provide objective entries as long as IEF remains in the yellow (or orange or red) zone.