The recent price action on QQQ could not be any more bearish: A breakdown & successful backtest of the bearish rising wedge, followed by a break of the 108.46 support level & a perfect backtest before moving impulsively lower. No to mention the confirmation via various trend indicators flipping to bearish.
QQQ 60-minute April 29th
SPY sell signal has been triggered on a break below the 60-minute uptrend line:
SPY 60-minute April 29th
Awaiting a break of this 60-minute uptrend line for the IWM to play a nasty game of catch-up to the downside as it finally gets the memo that “the other” risk-on/risk-off index, QQQ has long since broken down:
IWM 60-minute April 28th
MDY (mid-cap etf) sell signal will come on a break below this uptrend line:
MDY 60-minute April 29th