QQQ (Nasdaq 100 Tracking ETF) will trigger a short entry on a break below 183.52 for a swing trade down to 169.68 with the potential for additional targets to be added. The sole price target at this time is T1 at 169.68 with the potential for additional targets to be added, depending on how the charts develop going forward.
QQQ daily Aug 12th
The suggested stop is 189.27 and the suggested beta-adjusted position size is 1.0. One could also opt to use PSQ (1x short Nasdaq 100 ETF), QID (2x short) or SQQQ (3x short) in lieu of shorting QQQ but you would BUY or go LONG those inverse ETFs and adjust your position size down accordign to adjust for the leverage factor (i.e.- a 1.0, 0.50 or 0.33 beta-adjusted position size).