In contrast to yesterday’s final post at the close titled, Stock Index Futures & ETFs Close Above Uptrend Lines, both the S&P 500 and Nasdaq 100 futures & tracking ETFs broke & solidly closed below their respective uptrend lines today, thereby triggering a sell signal. The indexes moved mostly sideways since the breakdowns earlier in the session & in doing so, set up some minor support levels just below which will trigger the next sell signal if & when taken out. 60-minute charts of /ES & /NQ futures followed by the 5-minute charts of SPY & QQQ below.
ES 60m Aug 20th
NQ 60m Aug 20th
SPY 5m Aug 20th
QQQ 5m Aug 20th