Both QQQ & /NQ (Nasdaq 100 ETF & futures) have just hit their initial pullback targets with a reaction (day-tradable bounce) likely off these initial tags from above before the next leg down to the next targets, allowing active traders an opportunity to cover shorts & reverse to long in an attempt to game a quick bounce before reversing back to short by the close today. Typical (less active) swing & trend traders might opt to ignore these little micro-squiggles & stick with their trading plan. Previous & updated 60-minute chart below.
NQ 60m July 22nd
NQ 60m 2 July 22nd
QQQ 60m July 22nd
QQQ 60m 2 July 22nd