Here are the updated 60-minute charts of the major stock index ETFs & futures as we head into the final 20-minutes of the regular trading session. SPY continues to hug the minor uptrend line like an exhausted sailor thrown overboard clinging to a life raft with a sell signal to come on a solid break and/or 60-minute close below it.
SPY 60m 2 April 16th
QQQ continues to flirt with the bottom of its 60-minute bearish rising wedge pattern at the ‘sweet spot’ where breakdowns typically occur. Still on watch for an impulsive drop and/or 60-min close below the pattern for a sell signal.
QQQ 60m 2 April 16th
/ES continues to play ping pong between the downtrend line & 2754ish support level.
ES 60m 3 April 16th
/NQ sell signal still pending a solid break below the 60-minute bearish rising wedge pattern.
NQ 60m 3 April 16th