October 31, 2018

$QQQ and $SPY | Perspective

Back on the blog after a little hiatus.  $QQQ and $SPY look to be putting in a near-term bottom but my concerns lie in the lack of volume. They both have finally broken the bearish DT line and MACD hints we may *finally* see a bullish cross. If we can make our way up to a close above the 200DMA @ $172.19, along with the 20DMA @ $173, it would add confidence that the correction is over. Trade cautiously & accordingly; respect the chart.

$QQQ 6 month daily

 

 

 

 

 

 

 

 

 

 

 

 

 

$SPY 6 month daily

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