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.

QQQ 60-min June 5th

QQQ 60-min June 5th

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.

SPY 60-min June 5th

SPY 60-min June 5th

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