QQQ has hit the first price target, T1. Although the odds for a reaction are elevated at this time, I believe any bounce or consolidation here will be minor and fleeting with another leg down towards T2 & T3 coming today and/or Monday. As such, swing traders might opt to lower stops to protect profits at this time & sit tight on short positions while riding out any potential bounce or consolidation around the 382.50ish support level if targeting any of the additional downside targets. 60-minute chart below.
QQQ 60m Dec 3rd