/NQ has rallied back to the 17800ish resistance (again) but with negative divergence on the 60-minute chart this time around; Once again offering an objective short entry, re-entry (for those that gamed the bounce off QQQ T2/recent lows), or a new short entry (and even better with the negative divergences). Previous (Monday’s) 60-minute chart, showing my preferred scenario in the solid arrows (bouncing to where we are now) followed by the updated 60-minute chart.
NQ-60m-April-22nd
NQ 60m April 26th
Likewise, QQQ has made another bounce into my preferred bounce target posted on Monday (in the pre-market session), albeit with negative divergence on the 60-minute chart this time around; once again offering an objective short entry as would any additional thrust up to but not above the key 433 resistance. It would also be ideal, although not necessary, to see a post-opening rally that officially makes a higher high (above Wednesday’s high) followed by a reversal to also print that 60-minute divergence on the regular session charts. Monday’s & updated 60-minute charts below.
QQQ 60m April 22nd
QQQ 60m April 26th