QQQ (Nasdaq 100 ETF) offers an objective short entry (or add-on to an existing short from the recent sell signals) on this Powell-induced snapback rally to the downtrend line off the recent highs with a suggested stop on a daily close above 580 (or lower, if only looking to game a reflexive pullback off this resistance level). Initial price targets shown at arrow breaks, with the potential & likelihood of additional price targets, if & as QQQ drops below the key 580 support level. 60-minute chart below.
QQQ 60m Aug 22nd