The QQQ swing trade idea entered on Friday hit the second & final price target for a quick profit of 5.4%. Consider booking partial or full profits and/or raising stops if holding out for the potential 3rd target around 224.45. As T2 as the final official target for this trade, it will now be moved to the Completed Trade archives, along with all previous related posts, for future reference. Previous & updated daily charts below.


/NQ (Nasdaq 100 futures) has also just hit the bottom of the 2nd target zone which runs from about 8890-8946, where a reaction is likely. At this time, I favor a tradable pullback off the T2 zone while leaning towards a reversal here off the 8890 resistance level with a potential minimum pullback target of the former T1 price target which is the 8700 former resistance, now support level.  Those reversing from long to short at the T2 zone could either try to game a quick pullback or let the short ride for a deeper correction & possible another major thrust down below Friday’s lows. Likewise, those still long & holding out for more upside should consider raising stops to protect profits at this time. Previous & updated 60-minute charts below.