This pullback to the first price target on the QQQ 60-minute chart (now support) offers an objective long entry, add-on, or re-entry for QQQ & those that took profits at T1 on /NQ which was hit in the Globex trading session last night.
QQQ 60m May16th
NQ 60m May16th
It’s a little before 6 am here in Maui & we’re about to start a long day trip doing “The road to Hana” so I’ll won’t be able to post any more updates until at least tomorrow but I’ll do my best to try and post any significant developments/changes that I see. As for now, I still favor more upside in the equity markets in the coming days & possibly weeks as long as we hold above last week’s lows.
-Aloha