Both IWM & SPY have broken down below the 60-minute uptrend line, albeit unimpulsively so far. Essentially, both IWM & SPY are awaiting a breakdown below the comparable 60-minute uptrend line on QQQ to confirm the sell signals & trigger the next correction. My minimum price target, should QQQ make a solid break and/or 60-minute candlestick close below the uptrend line, would be a backfill of the December 16th gap. 60-minute charts below.