Comments on: QQQ 2nd Near-term Downside Target Hit 3-27-25

By: junkie

junkie — Thu, 27 Mar 2025 20:43:54 +0000

In reply to EMFO. it is going up into July 1, 2025 thanks to a Central Banks' existing commitments.

By: EMFO

EMFO — Thu, 27 Mar 2025 17:33:11 +0000

@rsotc Hi Randy, what is your take on /MGC?

By: hotrodricky

hotrodricky — Thu, 27 Mar 2025 15:51:56 +0000

Randy, when you get a chance could you please take a look at sox?

By: shannonp

shannonp — Thu, 27 Mar 2025 15:21:27 +0000

In reply to rsotc. Thank you

By: rsotc

rsotc — Thu, 27 Mar 2025 15:14:53 +0000

In reply to shannonp.

Those are both minimum bounce targets. QQQ is close but not there yet (that line with the arrow break is drawn in at the top of the 3/24 gap). I’m also very open to more upside with the next potential target just shy of minor resistance that comes in around 488.88 on QQQ and I’m also watching a several other levels & developments on the 5-15 minute charts of /NQ, QQQ, /ES, SPY, IWM, & /RTY.

Sort of “feeling” this bounce out for now but yes, one could certainly book profits on this “near” gap backfill on QQQ although as of right now, it looks to me like more upside is likely today.

By: shannonp

shannonp — Thu, 27 Mar 2025 14:46:14 +0000

Hi Randy, qqq hit your target, but your chart shows NQ has more to go. I am confused.