So far, we have another test of the 60-minute downtrend line on QQQ, which helps to further validate it as a significant level to watch, followed by a pullback to the 285 support level and the market likely to continue to grind around today until the 2 pm release of the FOMC Minutes. Still awaiting the next buy signal which would come on a solid break and/or 60-minute close above the TL (still my preferred scenario) while a solid break below the 275ish support would likely lead to another wave of selling.
QQQ 60m July 6th