With the regular trading session now underway, both SPY & QQQ are testing key support levels. If SPY can defend the 263.15 key support, a really of to the 273.72 level is likely.
SPY 60-min Dec 14th
Likewise, if QQQ can hold above 162, a rally up to my 168.49 target sometime next week is still likely. I favor these levels holding with a full recovery & then some of these early session losses (both QQQ & SPY down over 1%) although one should respect a solid break, especially a 60-minute candlestick close below those support levels if buying this dip.
QQQ 60-min Dec 14th