The 23671-ish initial pullback target on /NQ (Nasdaq 100 futures) posted yesterday when I started booking profits on the longs reversed into (from short) off Monday’s lows with QQQ hitting the bottom of my bounce target zone (and /NQ at price resistance as well) has been hit for a quick 2%+ profit. I’m closing those shorts reversed into around yesterday’s highs & reversing back to long for a bounce trade, with staggered stops somewhat below. Previous (Wednesday) & updated 60-minute chart, including my current bounce target, below.
NQ 60m April 1st
NQ 60m April 2nd
My stock market crash warning is still very much in effect, hence the relatively tight stops & quite likely (depending on what I see from here, if stopped out) a re-entry back to short in my active trading account.
FYI- Was stopped out of my /CL last night but starting to scale back in with a starter short here. More updates on that & more to follow soon.