Following the reversal off the first price target shortly after the open today, QQQ (Nasdaq 100 ETF) has just backfilled today’s gap as per the likely scenario laid out in the video published earlier today. This provides an objective short entry and/or time to reverse back from long to short again for those that reversed from short to long to game a bounce when the major indexes hit support earlier today. Previous & updated daily charts below.
QQQ daily Feb 23rd
QQQ daily 2 Feb 23rd
/ES (S&P 500 futures) also hit my first target hit early today at the same time QQQ hit T1 followed by the expected reaction & has now bounced back to the 3874 resistance as per the scenario in today’s video, thereby offering another objective short entry or add-back to a short position closed/reversed earlier at T1. Previous & updated 60-minute charts below.
ES 60m Feb 23rd.png
ES 60m 2 Feb 23rd