I need to leave my desk for a few hours but before I go, I just wanted to point out that following yesterday’s (expected) bounce off my first price target on /NQ & QQQ, the bounce was followed by a rejection off yesterday’s bounce target (neckline of the H&S pattern), again as expected, with the H&S measured target now hit with a reaction likely. However, more downside is likely in the coming days/weeks, whether we bounce here or not with the next sell signal to come on a solid break and/or 60-minute close (ideally in the regular session) below this support level/target. Previous & updated 60-minute charts of /NQ below.
NQ 60m Sept 23rd
NQ 60m Sept 24th
NQ 60m 2 Sept 24th
NQ 60m Sept 25th