Today’s gap down on SPY is considered an impulsive drop/follow-through on the heels of yesterday’s post AAPL & AMZN breakdown (i.e.- sell signal triggered). 60-minute chart below.
SPY 60m May 1st
Likewise, QQQ has gapped down to the 214.56 level where a minor reaction is likely followed by the next sell signal to come on a solid break below that level.
QQQ 60m May 1st