After breaking below the minor uptrend line yesterday, QQQ hit & made a minor bounce off the 330 support/resistance level followed by a backtest of the trendline & another thrust down which has taken out the 330 level in the pre-market session with the Q’s now testing the more significant uptrend line support. Next sell signal/objective short entry to come on a solid break and/or 60-minute close (in the regular session) below that trendline which should open the door to the next pullback target of 319.
QQQ 60m Aug 17th