QQQ hit a low of 105.34 just over an hour after the open today, missing the 60 minute T2 level by a mere penny. With the near-tag of support & bullish divergences on the 5 minute time frame, the Q’s could possibly move to as high as the 107 area (gap resistance) before taken out today’s LOD and ultimately continuing down to the daily T1 level although I favor one more thrust lower today which should bring the Q’s & SQQQ to at least that final near-term target (T2 at 105.33). I also wanted to reiterate that T1 on the daily chart (100.09) remains my preferred swing target at this time.  click here to view the live, annotated daily chart of QQQ