Not sure which chart(s) you are referring to. The first couple of charts were from a week or so ago showing the long bounce targets. The last charts of /NQ & QQQ are the most recent (today’s) showing two scenarios for a pullback trade or what is more of a scale in zone for me: An initial reversal (close longs & reverse to short) at the downtrend line with the potential for a little more upside to that same max. target from those previous QQQ charts (the 527ish level).

Basically, my max. bounce targets (from the end of Dec) have been hit & I’m looking to game a pullback & will then assess the charts to decide what to do next.

TLT is current trading around the 86.60ish support defined by the top of the big 11-2-23 gap with $TYX (30-yr Treasury yield) testing the key 4-25-24 major reaction high (resistance). I still like TLT as both a pure-play long swing trade as well as an indirect hedge to any index shorts, since if TLT continues to fall, that will most likely cause stocks to move lower in response to rates currently trading in & moving even lower in my ORANGE ZONE for IEF (10-yr).

My shorting zone for /NQ is based on both the /NQ & QQQ charts: Those downtrend lines on both we hit in pre-market up to where the dotted arrows go on that 15-min chart of QQQ which is the 527ish level & the corresponding resistance level on that /NQ chart above around 21900. We are there now so I just added to a full position for a pullback trade, max stop slightly above QQQ 533 & NQ 22150ish.

expect a move resistance to support next.

it is a short-covering rally into resistance, 6070 to 6081 on /ES.