QQQ has just hit my minimum bounce target of 278, offering active traders that reversed from short to long (or just entered a new long position) at the 273.82 downside target yesterday or earlier today an objective time to either book profits or tighten up stops, if holding out for the top of the price channel (or more). With the bottom of yesterday’s big & very obvious gap just overhead, the odds for a reaction/pullback are now likely. This morning’s & the updated 60-minute charts below:
QQQ 60m Oct 29th.png
QQQ 60m 3 Oct 29th