SPY & QQQ - The Selloff Continues

1. $SPDR S&P 500 ETF Trust(SPY)$

The weekly chart provides a clearer view of the volume shelf that offered support today. However, a break below $506 would likely lead to $492 imminently.

While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted?

Image

2. $Invesco QQQ(QQQ)$

In case of a temporary spike tomorrow morning, be mindful of $432.9 as a critical level; because if it is lost, or continues as resistance, $421 is the next destination.

Why temporary spike? Because the Bollinger bands, and every oscillator is currently indicating a downward trajectory.

Image

They say price action is primal, and today's trading certainly validated that. Yesterday, I highlighted the excessive pessimism with three charts drawing parallels to prior bounces over the last three years.

However, the key divergence in 2025 was the disconnect between this pessimism and actual oversold conditions, and as I mentioned yesterday, one particular indicator was a significant concern.

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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However, a break below $506 would likely lead to $492 imminently. </p><p>While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted?</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/536f8b12c448fe30cfb7e15997418095\" tg-width=\"679\" tg-height=\"379\"><span>Image</span></p><p>2. <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> </p><p>In case of a temporary spike tomorrow morning, be mindful of $432.9 as a critical level; because if it is lost, or continues as resistance, $421 is the next destination.  </p><p>Why temporary spike? Because the Bollinger bands, and every oscillator is currently indicating a downward trajectory.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/32f1def05b9aec6eb753f1c88a6e12e4\" tg-width=\"680\" tg-height=\"478\"><span>Image</span></p><p>They say price action is primal, and today's trading certainly validated that. Yesterday, I highlighted the excessive pessimism with three charts drawing parallels to prior bounces over the last three years. </p><p>However, the key divergence in 2025 was the disconnect between this pessimism and actual oversold conditions, and as I mentioned yesterday, one particular indicator was a significant concern.</p><h3 id=\"id_1132117495\">For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p>1. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p>The weekly chart provides a clearer view of the volume shelf that offered support today. However, a break below $506 would likely lead to $492 imminently. </p><p>While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted?</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/536f8b12c448fe30cfb7e15997418095\" tg-width=\"679\" tg-height=\"379\"><span>Image</span></p><p>2. <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> </p><p>In case of a temporary spike tomorrow morning, be mindful of $432.9 as a critical level; because if it is lost, or continues as resistance, $421 is the next destination.  </p><p>Why temporary spike? Because the Bollinger bands, and every oscillator is currently indicating a downward trajectory.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/32f1def05b9aec6eb753f1c88a6e12e4\" tg-width=\"680\" tg-height=\"478\"><span>Image</span></p><p>They say price action is primal, and today's trading certainly validated that. Yesterday, I highlighted the excessive pessimism with three charts drawing parallels to prior bounces over the last three years. </p><p>However, the key divergence in 2025 was the disconnect between this pessimism and actual oversold conditions, and as I mentioned yesterday, one particular indicator was a significant concern.</p><h3 id=\"id_1132117495\">For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","text":"1. $SPDR S&P 500 ETF Trust(SPY)$ The weekly chart provides a clearer view of the volume shelf that offered support today. However, a break below $506 would likely lead to $492 imminently. While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted? Image 2. $Invesco QQQ(QQQ)$ In case of a temporary spike tomorrow morning, be mindful of $432.9 as a critical level; because if it is lost, or continues as resistance, $421 is the next destination. Why temporary spike? Because the Bollinger bands, and every oscillator is currently indicating a downward trajectory. Image They say price action is primal, and today's trading certainly validated that. Yesterday, I highlighted the excessive pessimism with three charts drawing parallels to prior bounces over the last three years. However, the key divergence in 2025 was the disconnect between this pessimism and actual oversold conditions, and as I mentioned yesterday, one particular indicator was a significant concern. For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":60,"commentSize":0,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/427127593746712","repostId":0,"isVote":1,"tweetType":1,"viewCount":1320,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["QQQ","SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1292,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/427127593746712"}