/NQ (Nasdaq 100 futures) has just hit my bounce target (the primary downtrend line off the all-time highs & just shy of 25kish resistance level) posted last Thursday at the lows, with an essentially perfect entry as with the previous short trade posted just before that. As such, this offers an objective level to close out any longs and or reverse back to short on this test of the downtrend line (resistance) from below, as well as negative divergences on this 60-minute time frame. Stops should be commensurate with one’s average entry price & price target(s). The two previously posted (April 1st & April 2nd), followed by the updated 60-minute chart below.
NQ 60m April 1st
NQ 60m April 2nd
NQ 60m April 7th
Ditto for QQQ or any of the inverse or leveraged variations for ETF traders (as well as the smaller /MNQ Micro contract for futures traders, which trades off the same price levels as my /NQ charts, only using a smaller multiplier/leverage factor).