The max. pullback target (322.90) on QQQ that was posted when QQQ & SPY rallied into resistance at yesterday’s highs (in this post) has just been hit. As such, this provides an objective level for active traders to cover those shorts, booking the quick ~2.25% gain, & reverse back to long. Previous & updated 60-minute charts below.
QQQ 60m May 4th
QQQ 60m May 5th