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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.

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

One Comment

  1. […] the last update showing the SPY 60-minute, I was neglect in not mentioning, as I did in Monday's Awaiting These Sell Signals on the QQQ & SPY post, that until the leading index, the $NDX / QQQ breaks down, that the rest of the US indices aren't […]

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