Awaiting a break below these ascending price channels in SPY & QQQ following these most recent divergent highs on the 60-minute charts below:
The following video covers some of several recent technical developments on the 60-minute chart of QQQ, the Nasdaq 100 tracking ETF, as well as couple of longer-term developments towards the end of the video. The three current charts covered in the video are posted below with the previous two charts on the $SPXA200R & the [...]
An overview of several near-term trend indicators on QQQ & SPY.
The following notes & charts highlight my outlook, including price targets for SPY (S&P 500 tracking ETF) along with the tracking ETFs of the four largest sectors with the S&P 500.
High-yield, aka 'junk' bonds, which are highly correlated with the stock market & not with other bond classes, have made an impulsive breakdown below this large bearish rising wedge pattern in HYG (High Yield Corporate Bond ETF) which also makes the recent breakout a failed breakout, i.e.- bull trap. As the performance of junk bonds [...]
Analysis of the US stock market, various key sectors including gold & GDX.
The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. (source: S&P Dow Jones [...]