NQ summer downside targets

I think the tech trade will now breakdown (China tensions?) and bring the overall markets down with it. Since big tech is a heavily overcrowded trade, NQ is the one to watch for now as it will probably lead the market down - and up on any bounces.

This is the larger structure I've been watching. These pullback targets make sense to me, with probably quite a few zigs and zags in between. If one (or both) is reached and holds, it may be an ideal long setup. Don't take my doodling of price action too seriously. It may come down much faster - or slower.

Good Luck

Sunship

코멘트:

QQQ trendlines to watch as well.

코멘트:

to the trendline on /ES again. Do we get over it tonight? Maybe so, but we do have RSI diverging on mid and small time frames. Certainly today would have taken out many shorts at the close.

코멘트:

NQ could see another tap of the overhead trendline

코멘트:

Clear cut channel on NQ. Under 9150 is decidedly bearish

코멘트:

Could be an ending diagonal on QQQ

코멘트:

AAPL also looking close to me

코멘트:

AAPL may crack today, but it seems that many are watching this trendline.

코멘트:

NQ daily - clear targets are the upper BB and the lower channel (below the 20ma). Not sure which way it goes, but upper BB seems to be a probable target if we see upside this week.

코멘트:

NQ doubetopped today. Still think upper channel is possible, but hey you never know

코멘트:

Nice selling on qqq today, but a possible higher high could still be in the works. Will update if we break below the channel.

코멘트:

QQQ ending diagonal looks correct, probably a bit higher first tho

코멘트:

Most likely QQQ hits the top of the wedge tomorrow.

코멘트:

QQQ may finish it's move today

코멘트:

No guarantees but QQQ may be finishing it's patter today. It may be completely wrong.

코멘트:

Q's selling. I'll be happier when we get below the 20 ma on daily

(approx. below blue trendline)

코멘트:

AAPL has closed outside it's diagonal. No proof of anything, but worth noting. Tomorrow will be an important Friday.

코멘트:

This MAY be the count on QQQ, not sure, futures will decide it of course

코멘트:

Q's hit the final 5 according to my count, may push higher today, but the pattern looks complete. We'll see next week if this is wrong

코멘트:

Qs have gotten back under their channel trendline - points for bears. Expect a retest

코멘트:

Some selling overnight, but blue trendline intact. Will be important if price can get below it, otherwise it's just a dip

코멘트:

Weekly upper BB for qqq is around 255 or so. I'm expecting that to get hit

코멘트:

Q's backtesting broken trendline

코멘트:

q's need to break the blue trendline next week, that will become strong resistance