/NQ (Nasdaq 100 futures) has just hit the 11700 max. bounce target* for a quick 1.5% gain. Potential for additional slight drift up to the trendlines & 11785 resistance levels just above but preferring to close the long & reverse short here, with room to add should /NQ push up to those levels. Previous & updated 60-minute charts below. *Shortly after this morning’s post with these short-term bounce trade ideas I corrected the typo on the /NQ bounce targets & also mentioned that in the comments below that post.
Likewise, the QQQ min. bounce target from the scenario posted in pre-market earlier today has just been hit. Favoring a reversal here and/or on any slight (<1%) marginal overshoot for at least a quick pullback trade & potentially a swing down toward the 275ish support. Previous & updated 60-minute charts.