SPY stopped cold at the mid-point of the 2 month trading range, a level which has acted as support & resistance throughout the trading range. While a solid break above would likely bring prices back to the top of the range, a rejection off that level today would likely bring prices back down to the bottom of the range, 215.30 area (preferred scenario).
SPY 60-minute Sept 22nd close
QQQ closed right on a backtest of the recently broken uptrend line. If the Q’s are above to hold 118 on any pullbacks, that would be bullish while a failure to remain above the 118 level would indicate a failed breakout.
QQQ 60-minute close Sept 22nd