Regarding the QQQ Active Short Swing Trade, the Q’s have gap resistance just above coming in around 170.10 to 170.33 which, ideally, should contain any kickback rally. Reversing & starting another leg down without backfilling Thursday gap would strengthen the near-term bearish case. Should QQQ reverse soon, a bearish cross of the PPO signal line (9-ema) below the zero-line should help to confirm that the Nasdaq 100 is in the early stages of a new short-term downtrend.
QQQ 60-min Feb 11th