The Q's (NASDAQ: QQQQ) should be concluding the plunge from Tuesday's pre-election peak at 34.01 in the 30.70-30.20 target zone prior to a potent (perhaps very brief but violent) recovery rally period that should propel the Q's to at least 32.00 in the hours directly ahead. At this juncture, only continued weakness that breaks 30.00 will argue that the Q's just might be heading to fill the gap under 29.00 before the next rally.

By Mike Paulenoff

Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of Exchange Traded Funds (ETFs) that track equity indices, metals, energy commodities, currencies, Treasuries, and other markets. It is for traders with a 3-30 day time horizon, who use the service for guidance on both specific trades as well as general market direction

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