QQQ will be added as an Active Short Trade here around the 189.69 R level. Unadjusted targets shown below, adjusted targets will follow as will addition notes & comments for this trade (to be added to this post and/or a follow up post) as I want to get the trade out there asap. The suggested beta-adjusted position size is 1.0 & the suggested stop is 195.68.
QQQ 30m 4 March 27th
Follow-up commentary (added after the post was published so this would not have appeared in the e-mail notification that was sent out when the post was published):
As I wanted to get this trade idea published asap as I was & still am expecting a reversal off that 189.69 bounce target with a dump into the close today, the chart that was inserted above (as well as in the email notification) only listed the unadjusted price targets (actually support levels in which a reaction is likely upon the initial tag from above). The adjusted (official) price targets for this trade are T1 at 185.53, T2 at 182.56, T3 at 179.56 & T4 at 172.80.
QQQ 30m 5 March 27th
The maximum suggested stop (for those targeting T4) remains 195.68 while those only targeting any of the earlier targets might consider a lower stop using a favorable R/R of at least 2:1 or better. The suggested beta-adjusted position size for this trade is 1.0. Updated 30-minute chart above.