SPY & QQQ continue to wedge higher as the S&P 500 makes a second test of the key 2815ish resistance where it tested & reversed from last Monday (see SPY chart in the previous “Charts I’m Watching Today post). Early/minor sell signals to come on SPY & QQQ on breaks & 60-min closes below these minor uptrend lines on both.
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- SPY 60-min March 4th
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- QQQ 60-min March 4th
IWM already broke below its comparable 60-min rising wedge pattern last week with the 60-min PPO signal line still above zero line (bullish), on watch for a bearish cross below the zero line to confirm the recent breakdown/sell signal on IWM.
IWM 60-min March 4th