SPY (S&P 500 tracking ETF) has broken down below the 30-minute bearish rising wedge. Now awaiting confirmation via a bearish cross below the zero line on the MACD 9-ema as well as a bearish cross of the 26-ema below the 66-ema. Additional confirmation will come on a bearish cross of the 13 & 33-ema pair on the 60-minute time frame.
QQQ (Nasdaq 100 tracking ETF) has broken down below this 30-minute rising wedge pattern. Now awaiting:
- A break & 30-min close below the 137.85 support level
- MACD 9-ema to cross below the zero line to indicate the short-term trend has flipped to bearish
- 26/66-ema pair histogram to cross below the zero line to indicate the S/T trend has become bearish