Another backtest of the 433ish resistance on worse than expected employment report offers yet another objective short entry or add-on. Closed /ZB (30yr T-bond) hedge here at the 116’112 price target. Trading plan remains objective short on QQQ up to but not above the bottom of the Feb-April trading range. QQQ 60-minute & /ZB (30-yr Treasury bond futures) 120-minute charts below.
QQQ 60m May 3rd
ZB 120m May 3rd
Trading plan remains the same: /NQ still offers an objective short entry, re-entry or add-on up to but not above the key 18046 resistance (bottom of Feb-April trading range). 60-minute chart below.
NQ 60m May 3rd