SPY, QQQ & IWM Analysis

A quick overview of the US stock market via the 60-minute charts of SPY, QQQ & IWM: SPY resumes the near-term downtrend following the recent breakdown & backtest of the purple minor TL, QQQ seems to be in a state of suspended animation over the last month, going virtually nowhere despite clearly bearish technicals that indicate a pullback is coming while IWM has so far reversed after what is likely to be the final test of the top of the range following the brief failed breakout & move back into the multi-month trading range (between the yellow & orange lines).

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Mar 20, 2017 9:58am|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on SPY, QQQ & IWM Analysis