Thanks for the additional input!

Actually, I very much do factor in previous reaction lows & highs as potential support & resistance levels but in the case of /NQ, I would put good odds on the fact that it passes on down below that 8163ish reaction low from Wednesday if & when a sell signal is triggered soon with a solid break & 60-min close below the 8200 level + yellow uptrend line. /NQ make a check of that level earlier today but snapped right back so that was anything but an impulsive or convincing break and most importantly, the body of that 60m candle (same as the current candle, as I type) is back above 8200.
My target of 8122.50ish have multiple reactions both above & below it vs. just the signal reaction low of 8161 (although I should add there is also a reaction high from Nov 1st there, hence maybe a minor reaction on the initial tag of that level from above, should /NQ trigger a sell signal soon).

Agreed. It looks like both the stock market (risk-on) and the risk-off (gold & Treasuries) assets are at some pretty significant levels which might provide some clues as to where both go from here. Might have to be continued next week if we don’t get any clear signals & I don’t foresee anything significant enough happening in the stock market today to provide us with anything more than (potentially) some clues as to the short-term direction, assuming /NQ & QQQ make solid breakdowns below those 60m TL’s which appears fairly likely.
Here’s one more chart to watch today & going forward. I’ve been short /PA since last week but just covered this morning as it fell to the 1739 + uptrend line support. I’m still awaiting a sell signal for a longer-term swing or trend short & that could come soon as PALL is backtesting the daily price channel from below following the recent breakdown & a solid break below today’s lows will take /PA down below those intersecting supports.