QQQ hit the first price target with a very brief momo-fueled overshoot this morning followed by the typical reaction which has likely run most of all of its course, with the next leg down towards the 2nd target of 293.40 likely to start soon. 60-minute chart below.
QQQ 60m Dec 10th
SPY also reversed off the top of the initial target zone (uptrend line + 362.44-364.18 support zone) while currently offering another objective short entry on this bounce back to the 367.69ish resistance level with the next sell signal to come on a solid break below 362.44 & the next price target just above the 353.61ish support. 60-minute chart below.
SPY 60m Dec 10th