/ES has been testing the minor downtrend line all morning so far while /NQ took out its comparable TL & has been testing it from above all morning, waiting to see if /ES follows suit or fails to take out this resistance. The red arrow is my preferred scenario although a break above both the trendline & 2920 resistance level (green arrow) could see one more marginal new & still divergent high in /ES as the PPO & RSI continue to lag behind price.
ES 60m April 16th
/NQ took out the minor downtrend line in the overnight/early-hours session & has been backtesting it since while /ES is testing its comparable 60-minute downtrend line from below with the tech-heavy Nasdaq 100 once again outperforming the S&P 500 by nearly 2 to 1 as it did yesterday.
NQ 60m April 16th
SPY remains above this minor uptrend line in the pre-market session with the next sell signal to come on a break below it as well as the 273ish price support just below.
SPY 60m April 16th