Both QQQ & SPY have triggered the sell signals from the previous post titled QQQ & SPY Sell Signals Pending, with QQQ quickly hitting the minimum price target of 183 for a quick ~2% profit. While that may be it for the pullback, my preference is to remain short while periodically lowering stops & holding out for at least the next target just above the 179 level. Previous & updated 30-minute charts below.

SPY also triggered the aforementioned sell signal with an impulsive break below the uptrend line followed by a confirming sell signal on the break below the 250.50 support (former T1 level) with SPY effective hitting the minimum target around 245 dropping as low as 245.59 so far, as I type (mere basis points above that unadjusted target/support level). As with QQQ, I favor more downside from here & prefer to stay short while periodically lowering stops. Previous & updated 30-minute charts below.