QQQ: looks like a sweep of premarket lows, and basing. not as deep as SPY, however, on the H1, QQQ is absent of FVGs (price magnets) above from the drop. M5 FVG above up to 718.63. If QQQ loses this level, then 715.46 in play, otherwise 719.30
SPY H1 FVGs update: the question now is whether price will focus on new imbalance above or more below to 767.81-ish. Watching to see if it enters the 8/31 NWOG at price below. I know what I'd like to see after I got my $2+ move, but market will do what it does.
SPY M5: 2.5M shares changed hands at the close, buyers came in strong in the last 10-15 seconds or so, price barely moved down. 'may be some profit taking overnight, we'll see if the squeeze up resumes in the morning - I'm expecting institutional participation to be even lower tomorrow, making it a 4 day weekend for those institutional traders that otherwise stuck the week out while the "bosses" were gone for a few weeks. Will volume taper off into the close or will retail fill in. Time will tell. Hope you all made money today.