Close enough to the 18370ish target on /NQ for active traders to book the quick profits and/or reverse to short to game a pullback. Previous & updated 15-minute charts below.
NQ 15m April 22nd
NQ 15m 2 April 22nd
Coinciding with this bounce target on /NQ is the backfill of yesterday’s gap on QQQ, which also offers an objective level for active traders to close the long & reverse to short for a pullback trade. 15-minute chart of QQQ below.
QQQ 15m April 22nd
All active trader stuff. Nothing has changed in my longer-term outlook and/or long-term swing/trend targets. Longer-term swing & trade traders might opt to use the intraday charts to micro-manage longer-term swing & trend positions by lightening up and/or hedging when counter-trend bounces appear likely (or the R/R is no longer favorable for shorting or staying heavily short) and/or adding back short exposure on rallies into resistance/long-side bounce targets for active traders.