The next objective short entries on /NQ & QQQ will come on a solid break below this 60-minute uptrend line or a backtest of the trendline from below.

NQ 60m July 23rd

NQ 60m July 23rd

QQQ is close to backtesting the minor uptrend line (daily chart) from below, offering an objective short entry or add-on.

QQQ daily July 23rd

QQQ daily July 23rd

Following the recent breakdown/sell signal, XLK (tech sector ETF) is backtesting the daily uptrend line providing another objective shorting opportunity. Tech is the largest weighted sector in both the Nasdaq 100 (QQQ) as well as the S&P 500 (SPY).

XLK daily July 23rd

XLK daily July 23rd

The next sell signal on /ES or SPY will also come on a solid break below this 60-minute uptrend line.

ES 60m July 23rd

ES 60m July 23rd