QQQ has hit my minimum downside price target of 273.82 (from recent videos) where the odds for a tradable bounce are favorable. My minimum (bottom of today’s gap) and maximum (top of price channel) targets are shown on this 60-minute chart.
QQQ 60m Oct 28th
Likewise, /NQ has hit the bottom of the price channel + 11228 support level where a reaction is likely with a minimum bounce target of 11350 (or the QQQ gap, whichever comes first) and a max. bounce target at the top of the price channel. Congrats to those that took advantage of yesterday’s rally back into dual-resistance to short & were able to capitalize on this very quick drop of nearly 3½%.
NQ 60m Oct 28th