I stepped out for a few minutes and missed all the fun.  Looks like the Q’s (& the SPY within 0.1%) hit my first bounce targets. Remember, prices don’t move in a straight line.  This reaction off T1 was likely especially with how much the Q’s had run up without taking a breather.  Now let’s see if prices can power back up and take out those levels and charge towards T2 or better by the close.  The market might also want to make a run at the lows to shake out some weak hands before moving higher.  I will allow for a slight breech below the lows but anything much beyond that would likely portend more selling.  Previous & updated 60 minute chart (with zoom-in view showing today’s kiss of T1 followed by impulsive selling).