No need for a comprehensive update on the US equity markets a there haven’t been any very significant technical developments worth noting lately. While the most technically significant development that I can think of will be a solid & impulsive breakout above or below the very tight sideways trading range that the market has been in for the last month (highlighted below), one minor development worth highlighting was the fact that QQQ broke out & made a successful backtest of this minor downtrend line on Friday, shown on these 60-minute & 30-minute charts. While that breakout could have bullish implications in the very near-term, the key technical levels that I’m watching now are the top of this month-long trading range around 118.00 & the bottom of the trading range around 116.00 as an impulsive breakout above or below either of those levels could very well determine the next trend in the market.