QQQ (Nasdaq 100 tracking ETF) is approaching the 165.85 resistance while overbought (yellow circles) on this 60-min time frame. Near-term pullback targets of 165.88 & 164.64.

QQQ 60-min May 7th

QQQ 60-min May 7th

SPY (S&P 500 tracking ETF) is approaching the 268.05 R level & well as the 70 (overbought) level on the 60-min RSI where a pullback is likely. Min. pullback target is the 265.50-264.88 support zone.

SPY 60-min May 7th

SPY 60-min May 7th