QQQ has now moved about 2/3rds of the way into the previously highlighted second price target (T2) zone while almost down as much as 3% today. I has been my experience that most daily drops in QQQ cap out around the ~3% range. While that isn’t a ‘hard floor’ in the Q’s the fact that we are down nearly 3% while also near the bottom of my 2nd target zone (i.e.- support) with the NQ Emini futures also at or very near support, puts the odds of at least a minor bounce soon as fairly high at this time. 60-minute charts below:

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