Quadruple witching, making for a quiet but sullen session. Prices ae drifting just above the recent necklines at SPY 389-390 and QQQ 310-311. One wants to see a bounce off these areas, and this isn't much of one. Looks like the discussion will be put off until the first trade day of spring.
SPY made a new high on Wednesday. With no follow through that can turn into a rising wedge. The good news with a rising wedge is that it usually doesn't turn into a long term top. SPY is ex-dividend today QQQ is at it's own significant defensive line near 311. Neither of these resistance areas… Continue reading 3/19/21 Current Signals xCC/c0