To add to that, keep in mind that yesterday (Wed) we hit that key 360 resistance level to the button & reversed there as well as just below the key 61.8% Fib retracement level on QQQ. That could very well be the end point for the bounce although I’d be fine if the Q’s want to make one more thrust up to the 393 resistance level but I would be more concerned about scaling OUT of my /NQ (QQQ) shorts if that level is taken out than adding anymore shorts.

My take has been & still is, that the bounce off Monday’s low when T4 on QQQ (and the comparable support/target zone on my /NQ 120-min chart) was hit is that the rally since then is (or maybe now, was) a counter-trend rally.

If you share that view, then scaling back into shorts on rallies into the overhead resistance & Fibonacci retracment levels that have been covered recently (but not above the upper-most target) is probably the best was to play it IMO.

If you are referring to nat gas, while I stated anyone holding out for additional gains in NG could just raise & trail up stops (which they would have been stopped out today), I stated in that video yesterday that I favored a pullback & booking such quick & large profit seemed idea. See today’s video for potential re-entry levels for another long trade.

Nat Gas was at resistance where I was favoring a pullback when covered in the video (yesterday). Heathly pullback today with some support levels (cover and/or objective buy points) highlighted in today’s (Thurs) video.