It seems to me we are near some pretty crucial areas in most of the averages, these aren't areas that we haven't seen before, but the fact we have seen them so many times recently makes them a bit predictable and Wall Street loves to establish a habit, like "Buy the Dip" and then turn it on you.
I'm not suggesting I know what will happen at these area, just that they re very obvious and when areas are very obvious, they rarely escape some kind of game played by Wall St.
These are the daily and 60 min charts for the IWM/Russell 2000, QQQ/NASDAQ 100 and SPY/S&P-500.
IWM Daily
IWM 60 min
QQQ daily
QQQ 60 min
SPY Daily
SPY 60 min
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