occasionally, i will post some developments that i see forming on the shorter-term intraday charts, such as 1, 5, or 15 minute charts. since these patterns are mostly relevant to active traders, i will add a new category called “intraday market analysis” or something along those lines. therefore, if you are a longer-term swing trader or investor and don’t wish to receive those updates via the email post notification system, you can change your settings in order to not receive email notifications of that category. i will work on adding that new category later on today or sometime this week and post when it has been added. to change your email settings, use the link at the bottom of any post notification email that you receive from Right Side of the Chart. if you have not yet enrolled, the link to this feature is in the upper right-hand side of the home page.
with that being said, here is a string of 2-minute charts on the SPY, QQQ & IWM showing some levels to watch. these look like descending triangle patterns and could even be viewed as mini head & shoulders topping patterns although i usually prefer to use H&S patterns on longer-term time frames such as daily charts. regardless, those horizontal lines mark intraday support, which could lead to a deeper pullback if broken.
edit: i replaced the string of index charts with the correct one. previous string showed the $NDX chart instead of the IWM. current chart shows, from left to right; SPY, QQQ, IWM.