here’s the updated 4 hour QQQ chart, showing that we are now at downtrend resistance. i also show the SPY just a hair above the top of my original resistance zone on the recent 60 min charts but i had extended that zone in the last post to about the 138.60 area. all major indices are positive right now but i expect a negative close today so i am selectively adding to shorts, starting with SHW which is currently trying it’s best to recoup the big post-earnings losses from the pre-market session this morning (i believe that SHW will likely hit T1 within a couple of weeks).
