That 11980.75 resistance did end up capping today’s rally in /NQ since it was hit earlier but only with a consolidation on that level so far. While I still favor a pullback off this level, we’ll have to see what the after-hours & overnight trading session brings. Previous & updated 60-minute charts below.
NQ 60m 2 Nov 11th
NQ 60m 4 Nov 11th
Likewise, the 289.85 resistance stopped QQQ cold since the first tag at 12:15 EST today but so far, the reaction has been in the form of a consolidation instead of a pullback. I’m still leaning towards a pullback to the 286.11ish support for a short entered here with a stop on a 60-minute close above 289.85 although keep in mind that QQQ will likely gap above or below today’s close of 289.84 when the regular trading session resumes tomorrow at 9:30 am. Previous & updated 15-minute charts below.
QQQ 15m 2 Nov 11th.png
QQQ 15m 3 Nov 11th