QQQ/NQ1! Month and Week Invesco QQQ Trust Series IBATS:QQQSteverstevesHere are my thoughts on QQQ/NQ1! for next week and the current month. The chart has Monthly levels for QQQ. With the most pressing being the yellow line represent the monthly high probability target of 742.61. QQQ came just shy of snagging the second low range 702 on the month, which remains a possibility into next week, depending on how much Asia and London want to pump it Sunday night. For QQQ on the month the targets to watch are: High targets: TP1: 768 (27.3% probaiblity) TP2: 774 (9% probability) With the high prob target being at 743 which serves as the current immediate upside target. Low targets: 721 (98% probability); already hit 710 (68% probability); already hit The Week Ahead For the week ahead, going into Monday, expect some selling pressure. Looking at NQ1!: With expectations on the day between Sunday into Monday close to retrace down to 29183.64 (96.6% probability). However, the week for both NQ1! and QQQ are generally optimistic. For NQ1!: Projections for NQ1! (Weekly) High targets: TP1: 30098.97 (84.6% prob) TP2: 31001.91 (89,6% prob (higher probability here because they are separate models)). On the low side: 28427 (3.7% prob) 27409 (2.8% prob) For the week on QQQ: 730 is what we should be watching. In the longer range, the market has some pretty bullish high probs on the quarter but a quarter is a long time and just started some days ago. The reality is the market can crash and recover in much less time than it takes for a quarter to elapse. So its important to stay vigilant. As of now, the market is in a mean reversion regime, you would do well to continue using strategies such as BB or z-score until a breakout comes either way. I'll leave the analysis at that, overall for the short term outlook is bullish save for Monday. Unsure of the gap likelihood, but if I had to guess, gap up probably. We could even see NQ1! take out its weekly high at 30098.97 before we even open on Monday, which is typical for this market lol. Good luck! Safe trades and take care everyone!