After a rally back into the bounce target zone on Friday which offered another objective short entry or add-on, SPY closed the week just shy of the top of the zone & gapped down to the bottom of it today which remains key support (bottom of the 5-21 gap) with the next objective short entry to come on a solid break & 60-minute close below it.
SPY 60m May 17th
QQQ was rejected off the top of the most recent bounce target (resistance) zone where it rallied to & closed on Friday with the Q’s currently testing the top of last Wed’s gap (support). The next sell signal/objective short entry would come on a break below this morning’s low of 323.41.
QQQ 60m May 17th