The QQQ Active Short Trade will offer an objective add-on or new short entry on a break below this 60-minute bull flag continuation pattern, especially if the selling following the break is impulsive with volume expansion. While the measured target for the bear flag pattern comes in just shy of my first support zone (S1 zone), my expectation is that if QQQ makes an impulsive break down below the bear flag pattern soon (which is quite likely IMO), we are likely to get an impulsive move down to the S1 zone, followed by a reaction & then another thrust down to the first price target at 126.10. As of now, the suggested stop for this trade remains any move above 133.10. Updated 60-minute chart below.
QQQ 60-min March 23rd
As QQQ still has plenty of downside to all of the price targets & will offer another objective short entry on an impulsive breakdown below the bear flag pattern, this trade is still listed as both an Active Short Swing Trade as well as a Short Trade Setup at this time.