The Inverse Head & Shoulders scenario outlined on QQQ last week continues to materialize so far today with a gap up & impulsive rally towards the neckline. Ideally, the Nasdaq 100 should continue to rally impulsively on increased volume up to the neckline, minor counter-trend pullbacks or consolidations aside. Potential targets/scenario shown on this updated 15-minute chart.
QQQ 15-min 1 April 9th
Regarding the Active Swing Trade on QQQ entered last Wednesday, after a hitting T1 for a quick gain, QQQ pulled back to the entry point to put in a RS of a potential IHS bottoming pattern & still looks good up to T2, especially if it can take out the 161.70ish level.
QQQ 15-min 2 April 9th