After hitting & consolidating in bear flaggish-type consolidation yesterday on m 406 target/key support, SPY is starting to crack below the 406 support which I had recently stated would trigger the next sell signal (#3) with a solid break and/or 60-minute close below it. Although SPY has just only moved slightly below 406, it appears likely & imminent so I view this as an objective add-on, also considering QQQ is currently backtesting the bottom of the recent trading range from below following yesterday’s breakdown/sell signal. Previous (April 19th) & updated 60-minute charts below.
SPY 60m April 19th
SPY 60m April 26th