Qqq short

Target is for 340, but we could flush lower than that , maybe 337

Outside weekly Bollingerband. Even in the height of 2020-2021 QQQ never finished a consecutive week outside before heading lower.

If you look at the tech sectors XLK and SMH you'll see both are running up against resistance of Nov 2021 - Jan 2022 lows. Both sectors are both outside their weekly bbands also.

Can we go higher and close the gap at 361? Maybe, but it will come after Rate decision in june.

I like
6/5 or later Expirations.
342p

1st target
340
2nd target
337
Stop loss 351