/NQ (Nasdaq 100 futures) has fallen to the top of the 15075-15039 target zone highlighted in recent videos as a likely swing target where a tradable bounce would be likely if & when hit, with the odds elevated for a reaction here & down to (or just below) the bottom of the zone (as per yesterday’s video).
NQ 60m Oct 13th
Likewise, the updated first price target on the VXX (VIX short-term futures ETN) swing trade that I posted earlier today has also just been hit, with the odds for a reaction (i.e.- pullback) elevated at this time as well. Updated 60-minute chart below.
VXX 60m 2 Oct 13th
I just wanted to add that bounce or no bounce off this current support level/price target on /NQ & QQQ, I will most likely go home short ($NDX) over the weekend as I think there is a decent chance that the hammer finally comes down on the market next week. Still need to take out the purple support levels on the Mag-7 to say that with a high-degree of confidence but as for now, I just reversed (short to long) with the intention of gaming a bounce & then will likely reverse again & position mildly short for weekend in my active trading acct. I’ll try to get my thoughts & some more charts out in a video before the close today.