Technical analysis of the S&P 500 and Nasdaq 100 highlighting some potentially significant levels & developments to watch for today & into tomorrow.
Note: Although not highlighted in the video above, at the time this video was recorded & published, both SPY & QQQ have currently fallen to the key 61.8% Fibonacci retracement levels from the rally off the mid-June lows to the recent highs. i.e.- In addition to the key price support levels highlighted in the video, these key Fib levels are another potential support level that would be near-term bullish if the buyers step in & reverse it here while quite bearish if the market slices through these current price, trendline, & Fib support levels as if they aren’t even there.