T4 was effectively hit on /NQ just before the close today for a ~6% gain from the 12/29 bullish falling wedge breakout. 60-minute chart below.
NQ 60m Jan 11th
QQQ didn’t quite make it all the way up to the 280 target by the close today but close enough to book the ~6% profit from the 12/29 entry/bullish falling wedge breakout before tomorrow’s CPI report for those not wanting to risk getting caught on the wrong side of a gap tomorrow.
QQQ 60m Jan 11th
With that being said, the price action in the stock market & market-leading tech stocks over the past few weeks & especially this week has been nothing but bullish so we’ll see how the market reacts to tomorrow’s CPI report & go from there. Personally, I took profits on a fair amount of longs right before the close but will still go home with a mild long exposure, deciding whether to hold, close, or add to those positions depending on how things go tomorrow.