here’s an updated QQQ daily chart. i still favor the targets posted the other day, which are noted on this chart. looking at the intraday charts, the Q’s still have significant resistance to contend with from the 67.35 to 67.90 area. if they can move back above that level, that would likely portent further gains and i will post some likely targets. however, if they they turn down and take out tuesday’s lows, which i still favor at this time, it would put the probability of at least my first downside target being hit shortly thereafter.
