QQQ & SPY Next Price Targets Hit, Pullback Likely

The next price target of 176.74 on QQQ has just been hit shortly after the open where a reaction is likely with the top or bottom of the gap as potential pullback targets.

Likewise, SPY has also just hit the 282.40 target where a reaction is likely as well. Objective re-entries would come on a backtest of the downtrend line and/or the today’s gap which lies just below it.