R1 or “1st resistance level” added to the bounce trade on /NQ posted yesterday with a solid break above that level likely to open the door for a rally up to any or all of the price targets. I’ve also added a new (first) price target around 11409 to this updated 60-minute chart.
NQ 60m Dec 21st
Once again, I remain longer-term bearish(edit) & this trade is for active traders looking to game a relatively quick counter-trade bounce while typical swing & trend traders could look to add to an existing short position on a bounces into resistance, such as these target, including the current max. bounce target of 280 on QQQ.