Despite the impressive intraday swing up & then down, QQQ managed to close the day above both the near-term trading range as well as my key T3 (3rd long-term price target) on the weekly chart, thereby keeping the chances for another rally off this support level alive until & unless clearly taken out. Weekly chart below.
QQQ weekly April 8th
The impulsive downside momentum caused a slight & brief dip below the 412ish support with a quick recovery to close the day back within the bulk of the recent trading range & still above T3 on my QQQ weekly chart. 15-minute chart below.
QQQ 15m 3 April 8th
To be continued tomorrow or most likely tonight, in the overnight futures session…