QQQ is testing a potential downtrend line following a double divergent low on this 15-minute chart. Should this intraday rally have some legs, potential bounce targets and/or objective shorting levels are the yellow resistance lines.
QQQ 15-min Oct 8th
So far today,SPY & /ES have successfully defended the previous highlighted support levels with SPY now breaking above this 15-min downtrend line following a divergent low. Yellow lines are potential bounce targets.
SPY 15-min Oct 8th