As per the bounce targets posted before the market opened today, these gap backfills on SPY & QQQ (top of bounce target zones) offer an objective short entry, re-entry , or add-on to an existing starter short position taken on last week’s sell signal(s). Stops commensurate with one’s average entry price & preferred price target(s). Previous (pre-market today) & updated 60-minute charts below.
SPY 60m Aug 4th
SPY 60m 2 Aug 5th
QQQ 60m Aug 4th
QQQ 60m 2 Aug 4th