SPY reversed right on cue (intersecting trendline + horizontal resistance) yesterday & has likely started the next wave of selling which should take out the recent lows soon. Previous & updated 30-minute charts:
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- SPY 30-min 2 April 11th
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- SPY 30-min April 12th
QQQ rejected at yesterday’s backtest of resistance (red line) following a relatively minor & fleeting reaction after the impulsive thrust down.
QQQ 30-min April 12th