A possible bounce back is expected

A possible bounce back is expected ! Very possible. Please refer to the chart below.

Once the breakout is real, the NASDAQ index target is to fill the gap, at least.

If the breakout fail, then NASDAQ will easily hit 1700. But, I don't expect this will happen very soon. At least, it is unlikely before a nice bouncing back.

QID will head to 33 once it can not break out 35.

As mentioned last night, the current game is the battle over the year line. Keep watching this line because it will tell us who can win the game, bears? or the bulls?