$SPY closed +0.6%, testing that downslope orange trend line — minor resistance, not a setup. Real resistance is the double top at $7816. Likely pierces soon.
That's a day-trade short level, but don't just set a limit order at all-time highs. The wick above can liquidate shorts hard. Wait for the move above, then if no fresh buying steps in, short on a 5-min or 10-min close back below.
To judge buying, use volume on TradingView or better yet, see actual buyers — not just net volume. I use Quantower for that, but premium TV or similar works.
$QQQ closed +0.9%, already at new highs. Gapped up Friday above the previous high (white line), retraced to that level, but never closed a 10-min candle below. No short triggered.
That's a day-trade short level, but don't just set a limit order at all-time highs. The wick above can liquidate shorts hard. Wait for the move above, then if no fresh buying steps in, short on a 5-min or 10-min close back below.
To judge buying, use volume on TradingView or better yet, see actual buyers — not just net volume. I use Quantower for that, but premium TV or similar works.
$QQQ closed +0.9%, already at new highs. Gapped up Friday above the previous high (white line), retraced to that level, but never closed a 10-min candle below. No short triggered.
