QQQ has hit the second price target (T2) for a 6%+ gain from where I pivoted from short/bearish to long/bullish off the lows last week before leaving for vacation. The objective entry/add-on/re-entry on the pullback to T1 provided a timely entry point & now a solid break above T2 will trigger the next and probably last objective long entry as the risk/reward ration of establishing new long positions or even adding to existing longs, on what I still believe is simply a bear market rally, as we get closer to my final bounce targets, becomes increasingly less favorable.
QQQ 60m May 17th
I might have some time to review the charts & post another update later today before the market closes but about to run out for breakfast now (7 am here) but as of now, sitting tight on all other core swing positions including the gold, silver, & Treasury longs.