QQQ (Nasdaq 100 ETF) has just hit my 405.83 “preferred” bounce target from the Jan 3rd reversal from short to long with negative divergences forming on the 15-minute time frame. Consider booking partial or full profits, reversing short, and/or raising stops to protect profits if holding out for either of my potential upper targets. Previous & updated 15-minute charts below.
QQQ 15m Jan 3rd
QQQ 15m Jan 8th
QQQ 15m Jan 9th
Downside swing & trend targets, whether this is the end of the counter-trend bounce or not, remain as previously posted on the 60-minute, daily, & weekly charts of QQQ.