A drive back up to 7,000 will be quick but it may be short lived. I still think a challenge back down to 4200 is possible before the next major bull run. My long is in position from this V bottom to target 7,000 and then I just let it ride for as long as it would like to go. There is a lot of political pressure to recover the market, a hard recession will hurt a lot of voters and the US president sure isn't afraid of printing money and driving inflation which is good for stocks. I'm long from here but open for a full drop lower.
Trade active
Long entry using QQQTrade closed: target reached
Not quite to 7200 but the retracement is now complete. Time to exit my long and consider a short once I see a signal. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.