Shortly after the first post earlier today in which I covered my equity shorts at the pre-market lows & reversed to long to game a bounce, I followed up in the comment section below that post (and again in the subsequent video) that I decided to book the quick profits on the bounce & reversed back short at the post-opening highs for another leg down to new lows.
We’ve now hit those next downside price targets (the support levels on the daily charts of SPY & QQQ) with some, but not all, of the key Magnificent 8 stocks also falling to comparable key support levels on the daily chart. Daily charts of QQQ & SPY followed by the updated 120-minute chart of /NQ below.
QQQ daily April 3rd
SPY daily April 4th
NQ 120m 2 April 3rd