QQQ has just hit the preferred “pre-NVDA” bounce target from yesterday’s 5-minute chart. While the majority of market-leading mega-tech stocks, including NVDA, remain above my key (blue) support levels, along with QQQ having broken out above the recently highlighted 60-minute bullish falling wedge pattern (intermediate-term bullish until & unless the recent lows are taken out), that 612.76 pre-NVDA bounce target is still a resistance level with a tradable pullback likely. (i.e.- an objective level for an active trader to short or reverse from long to short with stops somewhat above). Previous & updated 5-minute charts with pullback targets below.
QQQ 5m Nov 19th
QQQ 5m Nov 20th
Once the dust has settled somewhat after the open today, I will assess the charts to provide potential (typical) swing targets for the 60-minute bullish falling wedge patterns that were highlighted yesterday, as long as the indexes & key stocks remain above those key support levels.