$SPX - Chart Link- just keeping it simple, this
is the longest the SPX has been above its 200 day MA since Mar of
last year. Over the last few days price has been oscillating around
that year long downtrend line, but closed above it nicely today -
could that start to trigger some of the 'program buying' places
that have been monitoring that? The next big level now is around
the 4100 level
QQQ - Chart Link- over the 200 day MA and
should outperform relative to SPX on a further rally
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SPX and QQQ daily
Posted by matt on 26th of Jan 2023 at 04:11 pm
$SPX - Chart Link- just keeping it simple, this is the longest the SPX has been above its 200 day MA since Mar of last year. Over the last few days price has been oscillating around that year long downtrend line, but closed above it nicely today - could that start to trigger some of the 'program buying' places that have been monitoring that? The next big level now is around the 4100 level
QQQ - Chart Link- over the 200 day MA and should outperform relative to SPX on a further rally