The upper bounce targets for /NQ & QQQ from yesterday’s video (the near-term downtrend line off the recent highs) has just been hit. This provides an objective level for active traders that reversed from short to long to game the bounce to reverse from long back to short for the next leg down. The 15-minute charts below are the screenshot from yesterday’s video highlighting the upper bounce target, followed by today’s updated 15-minute charts of QQQ (etf) & /NQ (futures).
QQQ video screenshot from 6-21 video
QQQ 15m June 22nd
NQ 15m June 22nd
Likewise, this is also an objective level for less active/typical swing traders to add to an existing short position as would any marginal push up to the 367.50ish horizontal price resistance just above with stops commensurate with one’s average entry price & preferred price target(s).