QQQ& SPY: The Market Ripped to the Upside
Hello everyone! Today i want to share some technical analysis with you!
1
$TNX (Chart 1) RSI readings this high on the weekly candle chart have have tanked interest rates over the last 5 years.
The market ripped to the upside in all three of these instances
$SPDR S&P 500 ETF Trust(SPY)$ (Chart 2).
2
$Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ Fun fact: The MACD JUST crossed to the upside this week on the weekly candle chart.
When horizontal breakouts occurred w/ MACD crosses in the past 3 years, the AVERAGE move has been 12% in 10 weeks.
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