QQQ just hit my minimum (& now my preferred) price target from the 5-minute chart posted earlier today target hit. Reversing long to short, although I’ve actually already gamed (edit- mistakenly stated two pullbacks in original post) one smaller pullback & might decide to game another bounce before the close today. However, that is ‘very active’ trading stuff & not conducive to posting or following. Just wanted to share that I now think this could be the end of the run before the next leg down & that unless I see something that changes my mind, I plan to ride these shorts down into & after the close, reducing from a ‘day trade’ to swing position short size to ride into AAPL, AMZN, & META earnings tonight. Previous & updated 5-minute charts.
QQQ 5m Feb 1st
QQQ 5m 2 Feb 1st