Clicky

Awaiting These Sell Signals on the SPY & QQQ

Awaiting a break & especially a 60-minute close below this bearish rising wedge for the next sell signal in the SPY. Friday's sharp drop into the close is one example of why I typically avoid breakouts/breakdowns that occur shortly before the close, especially on a Friday. A break below both parallel uptrend lines will be the first sell signal on the Q's. Horizontal lines mark the first potential targets.

0
Nov 2, 2015 9:46am|Categories: Equity Market Analysis|Tags: , , |1 Comment

Comments are closed.