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Jerome Powell And 15m 12 EMA Bear Control SPY & QQQ

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
ArcadiaTrading  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) QQQ TQQQ SQQQ jeromepowell jpowell
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trendanalysis chartpattern indicator spy qqq tqqq sqqq jeromepowell jpowell
After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it.

- at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable

- if QQQ start dropping more than 50% retracement everything will start favoring the bears

- Jerome Powell spoke today and now market is pricing in 71% chance of a 0.5% bps hike. he is speaking again tomorrow mornings 7am

- Very key area for battle between bulls and bears now.
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