QQQ is testing the minor uptrend line/rising wedge pattern with a sell signal to come on an impulsive break and/or 60-minute close below.
QQQ 60-min June 15th
While QQQ is testing support following the post-opening dip, SPY gapped impulsively below the 277.92 support today which opens the door for a move down to the 274.30 area. The 277.92ish level should now act as resistance on any kick-back rally while any move down to the 274.30ish support/target would most likely flip the 60-minute trend on SPY to bearish with QQQ most likely following suit & going on to break below the minor trendline.
SPY 60-min June 15th