here’s another 4 hour chart of the QQQ with pretty much the same target areas that i had before but notice how well the key fibonacci retracements line up with those price targets. i would be very surprised if we didn’t get at least a 23.6% of that nearly relentless move that launched on december 19th. for now, i remain mostly short with a few select long hedges although i did book partial profits on a few positions when we hit my SPY and XLF 60 min targets today.
