Red day again for QQQ but index isn’t reflecting the liquidation sell off on former momentum/growth /small cap names. Just awful bid less action. We are focusing on intra day shorts and will continue to do so, no need to fight the trend. QQQ 310 area big support. If breaks and stay below 310, there should be more pressure on individual stocks. Ideally a green open and fade would be great for continuation shorts. If you are not sure what you are doing or not tactical enough to play both long and shorts, just step aside and let the sell off stabilize.
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Here is the watch list and game plan:
