The QQQ (Nasdaq 100) long bounce trade idea posted at yesterday’s lows when both the Nasdaq 100 and S&P 500 were at support is now trading at my first & minimum bounce target (297.60) in the pre-market session with a current max. target of the roughly intersecting 303 price & downtrend line resistance levels. 60-minute chart below.
QQQ 60m Feb 23rd
Likewise, /NQ (Nasdaq 100 futures) is also coming up on 1st target, 12266.50ish resistance where a decent chance of a reaction before the next leg up. 60-minute chart below.
NQ 60m Feb 23rd