QQQ has effectively hit my final “near-term” target hit in pre-market with a high of 280.15 so far (vs. the 280.16 resistance level on my chart, close enough for gov’t work). Looks like we could get one more pop up towards or slightly above that level after the open in about 10-minutes as AMZN, AAPL, & TSLA (my top FAAMG picks recently) are still just shy of their initial price targets but with that being said, we may have seen the highs for today in pre-market with that spike in the key 280 resistance on QQQ & at the very least, the R/R is not favorable for new longs as this time. Updated 60-minute chart of QQQ showing the pre-market trades with the white candlesticks.
QQQ 60m 2 Jan 12th