QQQ (Nasdaq 100 ETF or any other $NDX proxies such as /NQ, PSQ (-1x), QID (-2x), SQQQ (-3x), etc..) still offers an objective short entry, add-on, or re-entry on this morning’s backtest of the Aug 5th uptrend line following last week’s breakdown below it. Current preferred near-term swing target the 200-day MA’s & intersecting 480ish price support, see previous weekly charts for longer-term trend targets. Stops commensurate with one’s average entry price & preferred price target(s). Daily chart below.
QQQ daily Dec 23rd