QQQ has now backfilled the 9/20 gap (the 2nd & max. bounce target), thereby providing an objective short entry or add-on to an existing short position. This is also an objective level to book full profits and/or reverse back short for active traders that reversed from short to long when T2 (361) was hit at Monday’s lows. A couple of the previous 60-minute charts, showing how this correction has played out so far, followed by the updated 60-minute charts below.
QQQ 60m Sept 7th
QQQ 60m 2 Sept 20th
QQQ 60m Sept 23rd