QQQ is approaching the 1st target on my daily chart (314) where the odds for a reaction are elevated although more downside appears likely in the coming days/weeks with the next sell signal on a solid break and/or close below 314.
QQQ daily Feb 23rd
I’ve also added one additional support/target for /NQ (Nasdaq 100 futures) here at the 12950.50ish level where the odds for a reaction before the next leg down is elevated. With the overnight drop in the futures and today’s gap down on the indexes, the recent sell signals on the major stock indices have been further validated, opening the door to more downside in the coming days to weeks.
NQ 60m Feb 23rd