QQQ

Gap down and landed on supporting trendline here.

I don't know how the CPI will be received, If it comes in low Powell might pause if it comes in hot Goldmansach says Powell still will pause.
Looking at how far the yields dripped today, it looks like they are calling the FEDS bluff.

Upside target is 300 or up to yellow trendline. If we break over that yellow trendline, 310 is next up.

Downside targets are
A retest of trendline support at 285.
Below that next target is 280..

So fat IWM and SPY have retested their Dec lows..

Fib levels are ATH and 2020 low
Let's see what happens

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Next resistance is 302.50... over that and we could seriously see a leg higher to 315...

Will all depend on ECB tomorrow...

If this breaks over 302 and closes above, I wouldn't consider a short unless it breaks back below 300..

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Next stop 307

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May need to pull back and retest 300 before any leg higher... XLK got rejected from 144.

Situation hasn't turned bearish unless we fall back inside broadening wedge

If we break 303 we're headed to 300

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Reversal might have started at 315..
Also top of the channel

Shooting star reversal candle

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Double top maybe forming here.. Will need a couple of more days of trading between 307-315 to fully round off right top before the drop.

Pattern negates if we close above 315.

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Still trading inside this channel Here on 30min chart..