SPY (S&P 500) is approaching the 410.39 support with the next sell signal still to come on a solid break below it (& still likely to occur soon) although a bounce into or after the open today, before the next leg down, is fairly likely IMO. 60-minute chart below.
SPY 60m May 11th
QQQ (Nasdaq 100) is trading around the 320.80ish support in pre-market with a snap-back to at least the 324.30ish support/resistance level likely in early trading today (or quite bearish, if not). 60-minute chart below.
QQQ 60m May 11th
With nearly an hour to go before the opening bell, the day is still very young but as of now, IWM (Russell 2000 Small-cap Index) is trading well below the primary uptrend line after the r
IWM daily May 11th
ecent breakdown & yesterday’s rejection off the backtest. Should the breakdown stick, the odds of my 170 minimum downside target being hit will increase substantially. Daily chart below.