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SPY & QQQ indecision Day | Support & Resistance Guide
- SPY back tested prior resistance and so far held it triple bottom today on 5m time frame around 417 range
- Key question is which way do we break on Monday if we break bear we can potentially go back into our 1.5 month long chop zone.
- Can SPY hold this support zone if QQQ consolidates/slight pullback next week?
- first day we see SMH a slow down a bit versus QQQ
- Key question is which way do we break on Monday if we break bear we can potentially go back into our 1.5 month long chop zone.
- Can SPY hold this support zone if QQQ consolidates/slight pullback next week?
- first day we see SMH a slow down a bit versus QQQ
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