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$Invesco QQQ Trust (QQQ.US)$$SPDR S&P 500 ETF (SPY.US)$$USD ...

$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $USD (USDindex.FX)$ Really hoping it's not too late to get in. Bearish rising wedges on both SPY and QQQ targeting a roughly 13 point move down from where it breaks. Many Mag 7 stocks are either nearing Res or have almost already completed their pattern targets at the same time the ADD has indicated that the overall market is weak. Many stocks are also severely OB on the 4-hour time frame. DXY will likely play a large roll in this if it bounces sharply, especially after it briefly broke support on the ascending channel today.
QQQ may try to reject from the ~531.85 area which was the previous high, and to add confluence there is a key trendline just above that around 533.30.
SPY may try to reject around ~602.48, which was the previous high, and the rising wedge resistance also intersects with the previous support line of the wide ascending channel it was in for months, and to add even more confluence roughly 603.50 is where we sold off from back on 12-15-24.
I could see one more green day, followed by a red day or so. Really hoping I can catch this one after missing the 12-18 drop DESPITE calling it out.
Not financial advice.
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$Invesco QQQ Trust (QQQ.US)$$SPDR S&P 500 ETF (SPY.US)$$USD (USDindex.FX)$ Really hoping it's not too late to get in. Bearish rising wedges on both SPY and QQQ ...
$Invesco QQQ Trust (QQQ.US)$$SPDR S&P 500 ETF (SPY.US)$$USD (USDindex.FX)$ Really hoping it's not too late to get in. Bearish rising wedges on both SPY and QQQ ...
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