The near-term scenario as laid out on recent 60 & 120 minute charts (in order as posted below) continues to play out. The Q’s have now hit the second near-term target. Although T2 was the final target shown on the recently posted series, my longer-term downside targets remain quite a bit lower as per the $NDX daily chart (last one in the series below). Therefore, I wouldn’t be surprised if the markets just continued lower without much, or any bounce around this support level. The long-trade ideas were updated last week and I plan to finish updating the short-trades category this week to make room for some new trade ideas that I’ve come across. Click on the first chart to expand, then click anywhere on the right-hand side of each chart to advance to the next slide.