50% retrace

The major (cash) indices all finished the day with harami candle patterns and the QQQ showed a morning star candle pattern.  Nothing to get bullish about at this point as all we have done is retrace about 50% of the previous downward momentum, but it leaves a bullish scenario on the table.

The QQQ filled yesterday's gap which coincided to a 50% retrace of last Friday's high to yesterday's low.  A bullish scenario would see price go above $64.40, while a bearish scenario would be to see price sell below $63.75.  Currently we can view this chart as having a potential inverse Head & Shoulders setup:

Here's the Dow Jones spot market showing a 50% retrace of the previous momentum

The SPY has a bit of a rising wedge look to it as price came close to a 50% retrace of yesterday's gap

and the IWM held its 50-day MA and retraced back to the previous day's open where price looks to have a cup w/ handle pattern look to it