After reversing off the revised pullback target earlier today (as well as the QQQ pullback target), /NQ (Nasdaq 100 futures) has now hit the bounce target from the previous (1st chart below) 60-minute chart. Active traders that gamed the pullback & this bounce might consider booking profits, raising stops to protect profits, or even reversing back to short, depending on your outlook at this time.
NQ 60m 2 Oct 5th
NQ 60m 3 Oct 5th
I’m about 50/50 on whether the $NDX can power up to those key /NQ 11785 & QQQ 286 resistance levels on the 60-minute charts or if they will soon take another leg down although slightly leaning towards the latter vs. the former.