The QQQ active swing trade entered off yesterday’s highs is likely to drop to T1 on the next break below this post-breakdown consolidation zone (purple)/ 439ish support. Initial (yesterday) & updated 5-minute charts below.
QQQ 5m May 7th
QQQ 5m May 8th
Ditto for SPY which is also likely to drop to T1 on the next break below this post-breakdown consolidation zone (purple). Previous (yesterday’s) 15-minute & updated 5-minute charts with the two near-term targets for active traders below.
SPY 15m May 7th
SPY 5m May 8th