APPS is breaking down from it's price channel and looks to be heading down to a more major support trendline.
The DXY is building positive divergence on the 120 minute chart. Look for a pop back up to retest 92.
APPS keeps getting rejected off the upper bold blue trendline but also trading within a nice little channel. IF the bottom of the channel fails to hold a nice entry point could be the bottom bold blue trendline (78 - 80) which is longer term support.
XLF keeps moving higher on less and less momentum.
SQ has been walking up this trendline since March 30th and could run into ATH resistance tomorrow(ish). If we get an impulsive break I would expect a retest of 255 or lower.
The SPY moved higher again today with the lowest volume its seen since early February. We are currently only about .6% away from a solid trend that has held since early November. The melt up is still underway but how much higher can this thing go before taking a breath..
Currently backtesting along the trendline with negative divergence on the hourly.
SPY is still holding this hourly trendline but i am looking for an impulsive break, also I see some pretty strong resistance at around 415.
SPY has been walking up this steep trendline since March 25, watching for an hourly break.