Forecast detail

$NQ_F / $QQQ I wanted to buy a 4-hour higher low to set up the breakout yesterday. It formed during the European session with the US session following through to target $29395 where this week’s long technically completed. When price arrives at a target it will always do one of three things: Coil, reverse, or accelerate. Did we get TACO? Price accelerated straight to base resistance.For today, we have to remind ourselves that price is still basing, and semi sector hasn’t yet joined the rally. $29715 is next up, but we are headed into a long weekend.