QQQ has now hit the next target/support level highlighted on the recent 60-minute charts where a reaction is likely although I still favor a move down to the 163 area before any meaningful rally.

QQQ 60-min March 22nd

QQQ 60-min March 22nd

Not coincidentally, at the same time SPY has hit the next support level recently covered on the 60-min charts & has already started the typical reaction. I believe this reaction will be relatively minor & fleeting with another thrust down to the 264.88ish level before any meaningful bounce.

SPY 60-min March 22nd

SPY 60-min March 22nd