QQQ (Nasdaq 100 Tracking ETF) has now slightly undercut my lower support/target with the bullish divergences still intact on this 60-min chart. Although the Q’s are sitting on the edge of a technical cliff on the daily & weekly charts, they are still at key trendline support with bullish divergences on this 60-min time frame. As such, we could get a bounce up to the 160-161 area today & possibly into tomorrow unless the markets melt down here. FWIW, I favor the former over the latter (a bounce from at or near current levels).
QQQ 60-min 2 April 2nd