SPY triggered a sell signal on today’s gap down below the minor trendline with the next sell signal to come on a solid break below the key 273.39ish support. 60-minute chart below.

SPY 60m April 21st

SPY 60m April 21st

QQQ gapped down below the 212.32 support following the recent 60-minute rising wedge breakdown/sell signal & is coming up on gap support where the odds for at least a minor reaction on the initial tag from above are decent. Regardless of whether we get a reaction here or not, the next sell a solid break below will open the door for a backfill of the gap (down to the 203.29 target/support).

QQQ 60m April 21st

QQQ 60m April 21st