QQQ (Nasdaq 100 ETF) has hit the first bounce target (T1) for a quick (1-day) 5% profit from yesterday’s pre-market long entry at 423.67 (first weekly chart below). Consider booking partial or full profits and/or raising stops if holding out for T2 (or more). Yesterday’s (weekly) followed by today’s previous & updated 60-minute charts below.
QQQ weekly Aug 5th
QQQ 60m Aug 6th
QQQ 60m 2 Aug 6th
FYI- SPY is currently trading about ½% shy of comparable price & gap resistance where a reaction is likely, should QQQ carry a bit higher to the top of yesterday’s gap around 447.40ish.