SPX, Qs

~~ QQQQ ~~ close at 46.49 with 46.15 +/- trading range breakout support. It will likely trade to lower sym triangle support near 45 shown on daily chart. Having said that, markets could retest the 7/15 lows breaking the supports.

~~ SP 500 ~~ close at 1266.84 near at 5 day trading low support; however, daily momentum is now to downside after strong bounce from SPX 1200 on 7/15 to SPX 1313 LT R on 8/11 rallying 8.7%. We have a cycle low in early September. SPX traded down after retesting the rising wedge formation and closed at 1266 which is below the sym triangle support. Will see how markets will react after the Fed min tomorrow, but 60m is now getting OS.

Nas Volume A/D 1 to 9, but not issues A/D

Market Internals
Issues NYSE Nasdaq
Advancing 700 632
Declining 2,418 2,228
Unchanged 83 128
Total 3,201 2,988
Ratio
Advancers
to Decliners 0.29 0.28

Volume
Advancing 99,669,000 168,529,000
Declining 761,755,000 1,279,700,000
Unchanged 3,766,000 6,328,000
Total 865,190,000 1,454,557,000