until i see all the major indexes break back above the aforementioned resistance levels, i’m treating this bounce in the $NDX/QQQ as nothing more than the usually bounce off a first target, when that first target is one of several and is not my primary target. i will stay flexible and adjust accordingly but i continue to scale into selective short positions on this bounce.  here’s the updated 4 hour QQQ chart (first) with the previously posted 4 hour QQQ charts for reference.  the dashed lines are only a rough idea of how i would expect the trade to play out if the final target (T4) is hit, however, those lines do not account for the fact that the selling will most likely accelerate if and as the support levels below (T1 – T3) are broken.