So far, the dip buyers stepped in on the gap down to support on SPY & QQQ, where they ‘should’ have although SPY is down twice as much as QQQ today… confirming my recent suspicions, with SPY offering another objective short here at the bottom of this new bounce target (gap) zone and/or up to the top of the zone.
SPY 60m May 19th
QQQ dip buyers stepped in right on cue at the gap down to support so far & while a break of that level remains the next sell signal & an objective short entry or add-on, the Q’s also offer another objective short entry anywhere from this new bounce target zone (1) up to the previous bounce target zone (2).
QQQ 60m May 19th