/NQ (or QQQ) will offer an objective add-on with a pullback to the 11045 support -OR- a solid break above the T1 (11175ish) resistance level although I favor the former over the latter scenario but will gladly take either. 60-minute chart below.
NQ 60m Jan 9th
The comparable pullback target/objective add-on to a long position on QQQ would be the top of the purple X-mas trading range just north of 267 with a solid break above the first target/top of the larger yellow range (270) also to trigger an objective add-on or new long entry on the Q’s. 60-minute chart with pre-market trades in the white candlesticks (consolidating on the 270 target/resistance) below.
QQQ 60m Jan 9th
As Friday’s breakouts above the X-mas trading ranges were pretty powerful buy signals, best to add to any longs somewhat above the actual support levels mentioned above as I suspect the buyers may to step in early. Should /NQ & QQQ drop much below those levels, I will share my thoughts asap.