QQQ is approaching the key 284.38ish resistance level with potential divergences forming on the 60m charts of SPY & QQQ in what has an 80% chance of being a bear market rally with another leg down soon to come (vs. an early-stage bull market rally… explanation to come in today’s market wrap video).
QQQ 60m Nov 10th
Both SPY & QQQ have potential negative divergences building on the 60-minute charts as well.
SPY 60m Nov 10th
Going home short the indexes with offsetting hedges, will cover these charts in more detail in the market-wrap video to follow.
DJP vs QQQ daily Nov 10th
Nasdaq Biggest 1-day Gains