Following today’s pre-market & subsequent regular session rallies into 280 price target on QQQ where the Q’s are still trading, this provides both an another objective level to book profits on the long trade as well as an objective level for active traders to reverse to a short for a quick pullback trade (min. target just above the 274.81 support). It’s worth noting that unless the today’s rally gets faded in the final hours of trading today to erase all of today’s gain & close red (a likely scenario IMO), that would mark the fifth consecutive green close for the Nasdaq 100, something that has not occurred since the early November… of 2021, at the very tail end of the last bull market. QQQ 60-minute chart highlighting the Dec 29th breakout & buy signal followed by the updated 60-minute chart below.
QQQ 60m Dec 29th
QQQ 60m 3 Jan 12th
For those that prefer trading futures, all marked support levels on this 15-minute chart of /NQ are potential pullback targets.
NQ 15m Jan 12th