My preference would be to see one or more of these bounce targets get hit today as I still expect this bounce to be fleeting. However, the bigger the bounce the better. All the more convincing to the permabulls that the worse is over & it’s now safe to get back in the water. Ideally, I’d like to book profits on my longs by the close today (I went heavy enough long the Q’s & closed enough shorts to bring me net long) & add back some, possibly all of the shorts that I closed this morning. Although I prefer the Q’s for this bounce trade, I have included the SPY 60 minute with targets for those would prefer to trade the SPY/$SPX. Also note the nice bullish falling wedge breakout on the 5 minute QQQ chart below (there is similar pattern on the SPY as well, also triggered).