$SPDR S&P 500 ETF (SPY.US)$$Invesco QQQ Trust (QQQ.US)$ SPY ...
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ SPY setting up the rising wedge in light blue with a breakdown target of ~16 points, hit the smaller support line in purple, whose subsequent rising wedge is targeting an ~11 point drop. Notice how these wedges are pushing right up into the MAIN Res line in red, PLUS the two previous trendlines in purple (converging around 606). Can it break Res? Sure. But this appears to be a very high probability short, risking roughly 1-2 points to make 10+ points, or at least a 5:1 Reward to Risk ratio! Looks likely to break down tomorrow or Monday, and seeing a similar setup on QQQ. Best of luck, Cool Cats, and God bless!
Derpy Trades
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Derpy Trades OP : The pattern on TLT is only targeting ~89.70, at which point I have a feeling DXY is going to reverse off of stronger 4-hour support (Ichimoku Cloud and 50 SMA) and make the markets regret being so exuberant.
Derpy Trades OP : Technically speaking this could even push up to ~610 before breaking down.