QQQ testing the former failed ‘breakout to new highs’ resistance level. With the wedge just too high for a backtest at this point, I favor a resumption of the downtrend from around current levels.
QQQ 30-min April 10th
SPY is still trading well below the 30-min rising wedge pattern while at the top of the 2-day trading range from Thursday & Friday. Could turn down here (favored scenario) or possibly make a run to backtest the wedge before continuing lower.
SPY 30-min April 10th