here’s a 5 minute chart showing one of two likely scenarios for the QQQ. my preferred scenario has us turning down at or around the 67.50 (basically meaning that we’ve about seen the highs for the day already) while the alternative scenario would be prices taking out that resistance level (shown as R1 on this chart) and filling some or all of that thin zone between R1 and the R2 level (68.15ish).
longer-term traders need not pay too much attention to these short-term charts and the day to day, minute by minute gyrations of prices other than maybe to use them to help time entries and exits on positions. if you do not wish to receive email notifications of posts relating to intraday market analysis, such as this one, you can deselect that category using the setting/unsubscribe link at the top of each email notification that you receive.