The SQQQ/QQQ short trade has hit the first target on the short-term (60 minute) time frame with T2 likely to be hit soon as my expectation is for the sell-off to pick-up momentum in the following days. See daily chart for QQQ swing targets. I still favor covering the 3x leveraged short SQQQ at the second target on the 60-minute chart, then rolling into any of the other $NDX short alternative trading vehicles such as QQQ, QID, NQ (e-mini futures), or options on the QQQ (the latter two only for those experiences with trading futures or options).