QQQ is basically picking up where it left off at Friday’s close; flirting with the 212ish support. A solid break or 60-min close below should open the door another leg down to the 207.43 & 203.29 targets/support levels. 60-minute chart below.
QQQ 60m May 4th
SPY gapped slightly below the 281.48 support that it tested & closed above on Friday. Solid breaks below 278.20 & then 273.39 should open the door to a relatively swift drop down to the first target on the SPY short trade.
SPY 60m May 4th