We broke the major Green resistance and closed above it. This looks very bullish to me. We have a shorter term Brown resistance to overcome. Expect a retrace back to Green and possibly a break through Brown.
SPY
Pretty much identical setup to DIA. Except, the Pink channel resistance has acted as support today and might hold tomorrow, if not - expect a retrace to Green, and possibly a break through Brown.
QQQQ
Broke through major Aqua resistance and closed above it. Again, a very bullish setup. The Pink trendline has acted as very significant support today and will likely hold tomorrow. The shorter term Blue resistance was penetrated today, but we closed just below it, so watch that line tomorrow. The even shorter Brown horizontal resistance aligns the 3 tops since Feb.19 and is a significant short-term resistance level.
IWM
A different scenario here. IWM is yet to break any of its potential major resistance levels. I am going to watch the Green tomorrow to see if it has any significance. A close above Aqua will improve the bullish case on this chart.
