i will be leaving town today (sunday) and returning tomorrow afternoon, hopefully shortly before the market closes and therefore, might not be able to post much until then. once again, here are those key levels for SPY, QQQ, & IWM. remember, a break below that lower dashed orange line by all three indexes, or even just the QQQ & SPY, would be a technical breakdown from the recent trading range and likely usher in a new wave of selling.
there are still plenty of trade ideas in both the trade set-ups category as well as many active trades that still offer objective entries. for example on short trades, when viewing the active trades section, look for stocks or etf’s that have recently pushed back up to a trendline, resistance level or an initial target (T1, T2) or one that has already hit T1, bounced or consolidated above that level and now has (or does so soon) recently broken below that level, assuming that i have much lower targets listed on the trade.
