The sell signals that we’ve been patiently waiting for & anticipating have now triggered on all three of the major stock indices that have been highlighted in recent videos with breakdowns below the 60-minute uptrend lines on the Nasdaq 100, S&P 500, and Russell 2000. Barring a strong reversal & solid recovery of those respective trendlines, any snapback rallies today could be used to add to or initiate short positions on any of the major stock index futures or ETFs. 60-minute charts of /NQ, /ES, & /RTY below. Updated charts on the index ETFs (QQQ, SPY, & IWM) will follow in a separate post or video although I will add that the breakdown (previous 60-minute) candles on both SPY & QQQ only closed slightly below their uptrend lines & the current candles/price levels are only slightly below. As such, maybe consider a partial/half short position on the indexes here, bringing that up to a full position if/when we get another thrust down to take out today’s lows, which are only slightly below current levels as I type (10:18 am EST).
NQ 60m Nov 9th
ES 60m Nov 9th
RTY 60m Nov 9th