/NQ (Nasdaq 100 futures) or QQQ (ETF) offers an objective long entry here at trendline support with positive divergences on this 60-minute time frame for active traders looking to game a quick bounce before the next leg down. QQQ & SPY are also at support on the daily time frames with a max. & preferred bounce target of just shy of the 280 resistance on QQQ, which will equate to about a 4½% bounce, if hit.
NQ 60m Dec 20th
I have an appointment out of town that I’ll be leaving to shortly. I should be back before the close today & if so, will post any updates or trade ideas then.
Best of luck on your trades.
-RP