A bit dramatic with the hyperbole IMO,as I wouldn’t consider last night’s or today’s moves in /NQ as “blowing through” or “rallying furiously”. /NQ simply drifted slightly (about 30bp or 1/3rd or 1%) below T2 & reversed (a typical reaction off the initial tags of one of my targets) to coincide with QQQ opening right on the bottom of that key Oct 24-27 gap, where the dip buyers were likely to step in & buy the Q’s. From there, we’ve bounced back to T1, which is an objective level to close bounce longs & get back short, IMO.

Remember, the $VIX has started to “wake up” recently & as such, the intraday price swings on QQQ & SPY have expanded (and will continue to, if $VIX continues to rise) so active swing traders & day traders can make some easy & quick profits by slinging the Q’s long & short off the intraday charts, as long as volatility remains elevated.

No change on the technical posture nor my outlook for CVNA. It hit & bounced off the 200-day SMA on Friday, backtested my first target (T1), which is now resistance, & rejected off that level today so just needs to take out the 200sma to open the door to the remaining price targets.