The reaction at the 299.16ish resistance on QQQ continued into yesterday’s after-hours session & so far in today’s pre-market session with the Q’s getting close to the 296..35 support now, offering active traders that reversed to game the pullback an objective opp to reverse back to long from short. 60-minute chart below.
QQQ 60m Sept 8th
Likewise, /NQ is getting close enough to the 12141ish support to reverse back to long for those that reversed from long to short on the momo-overshoot of the 12233 resistance yesterday to game the pullback. My preference is to reverse shy of that level, as I suspect there will be too many eyes looking to buy a pullback to 12141 & as such, the buyers are likely to step in early. 60-minute chart below.
NQ 60m Sept 8th