Overbought with daily RSI at 69 and weekly at 73. Also forming a bearish raising wedge (broken orange TL and the pink TL). Looking for a pullback to 20 SMA at 34, which is also a confluence of support and resistance trendlines.
Guesstimates on May 6, 2026
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*June S&P E-mini futures: *The target for this up swing is 7500 and higher.
*QQQ: *Resistance at 675 was reached and support is 625. Next upside target
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4 hours ago
