/NQ (Nasdaq 100 futures) is approaching the 9395 target/support, which is likely to cap the sell-off for today followed by the next & final near-term target (9319 price support + uptrend line) likely to be hit early next week. Previous & updated 60-minute charts below.

Likewise, SPY has also just kissed the 332.56 target/support level, further adding to the case for a reaction from or around current levels. Previous (yesterday’s) and update 60-minute charts below.

Last but not least, we’ve had a textbook impulsive move & hit of the measured target on the recently highlighted bear flag continuation pattern with a slight momo-overshoot of the 230.33 price target, likely to be followed by a snap-back rally before the next leg down. Yesterday’s & today’s updated 60-minute charts below.

Active swing traders might opt to cover any index shorts & reverse to a long position to game a bounce here off support while typical swing traders targeting the next downside targets might choose to lower stops & ride out any counter-trend bounces.