I don't like thinking "short" when you're at "ATH", but a pullback is in order here for QQQ "at some point". Ideally I would like to minimise risk by waiting for 123.50-124.00 (if at all possible) to start the short. The current inner structure suggests a little bit more upside so patience here is key. Volume will be the key indicator for entry.
The FANG stocks only start to report their earnings as of mid January, with NFLX being the first. GL
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FANG stocks: FB AMZN NFLX GOOG
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Started a 1/2 position @ 122.50
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Added another 1/2 @ 124.10. Stop at 125 and some change. GL