After the expected “minor” reaction, with QQQ hitting & consolidating on T1 yesterday & the first half of today, it has now taken that minor support level out which opens the door to the next target(s) until & unless QQQ can regain T1 by the close (or later this week). Updated daily chart below.
QQQ daily April 18th
I’ve been preoccupied working with contractors at my house today & was pulled away right after updating this daily chart of SOXX before I could post it earlier but nothing has changed since then. I’ve added a new target (187.75), now T3 with the previous T3 now T4. As with QQQ, the SOXX (semiconductor ETF) swing short trade hit the first price target yesterday, had a minor consolidation at that support level & has since broken below it, thereby opening the door to the next downside price target(s).
SOXX daily April 18th