I have to say that I’m a bit suspect of these breakdowns & whether or not they will play out for corrections right away or whether the market will make one more thrust up to as in the scenario that member @factoria posted here: https://rightsideofthechart.com/members/factoria/activity/36379/

That is one reason that I’m not adding QQQ or SPY as official trade ideas at this time but I would be remiss not to point out those wedge breakdowns. Essentially, I do think that they will play out for a decent pullback but I can see the possibility of one more thrust up somewhat above today’s highs before a sustained pullback sets in.