The Nasdaq 100 Emini futures, /NQ, have hit the 6445.42 target.. or close enough, trading as low as 6445.75 so far this morning. That level also roughly coincides with the 156.65 target/support level on QQQ, both of which where highlighted in last Wednesday’s Swing Trade & Investing Ideas video as next price targets & support levels where a reaction was likely.

So far QQQ & /NQ have started to climb with about 45 minutes left in the pre-market session before the opening bell. QQQ has traded down over 0.70% in the pre-market session today, one of the largest overnight drops in a while. However, my expectation is that most or all of these pre-market losses will be recouped at some point in today or tomorrow, followed by a resumption of the near-term downtrend. Minimum & likely bounce targets are 157.82 for QQQ & 6489 for /NQ.