QQQ 15 minute 2 April 13th

QQQ 15 minute 2 April 13th

The wedge overthrow scenarios on the 15-minute charts of the SPY & QQQ are playing out so far, with prices back well within the patterns on both. A break below the wedge plus sell signals triggered (still pending as of now) on the short-term trend indicators will sharply increase the odds of the QQQ swing short dropping to at least T1 (100.09) in the coming weeks, a drop of about 7 1/2% from current levels.