11/11/2015

SPY and ES look more bearish today despite low volume since we see clear resistance at the Q4R1s (red crosses). This increases the chance of test of support at the 2HPs (orange dots). NDX / QQQ / NQ has saved the market (from the 8/24L, 9/29L, 10/14L) so probably worth watching its major support levels YR1 111.90 and 2HR1 112.36 respectively. SPY, ES and QQQ below.