QQQ (Nasdaq 100 ETF) is currently testing the 200-day EMA & bottom of trading range (also the bottom of my bounce target zone) from below, still offering an objective level to close longs taken Mon when T2 was hit and/or continue scaling back into short positions (up to but not above the 200-SMA & downtrend line/top of bounce target zone). Updated daily chart, including my preferred bounce target zones & current max. bounce target, below.
QQQ daily 2 April 1st
Likewise, SPY (S&P 500 ETF) is also backtesting its 200-EMA & downtrend line from below, thereby offering an objective level to close longs and/or add-back shorts that were covered on Monday when QQQ. SOXX, SPY, & others all hit key price targets/support levels where the odds for a reaction were favorable. Daily chart, including my preferred bounce target zones & current max. bounce target, below.
SPY daily April 1st