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SPY & QQQ Indicated to Gap Lower

Following the very brief & shallow (and expected) pop back above the trendline resulting a slight overshoot of the trendlines backtests, both NQ (Nasdaq 100 futures) & ES (S&P 500 futures) moved impulsively lower in the overnight session with both QQQ & SPY current poised to gap down with just over an hour until the market opens.

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2018-06-08T08:30:28+00:00Jun 8, 2018 8:30am|Categories: Equity Market Analysis|Tags: , , , , , |1 Comment

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  1. rsotc June 8, 2018 9:10 am at 9:10 am

    With the FOMC announcement likely to put the markets on hold until 2pm Wednesday, the path of the SPX might be more along these lines…

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