S&P 500 Index Tracking ETF
This video highlights some significant developments & divergence between the US stock market & the transportation sector. Both the near-term & intermediate-term outlook for the stock market & the transportation sector are covered in this video. The total run time for the video is 22 minutes however, you have the option to increase the playback [...]
The scenarios outlined with the dashed orange lines on the 60-minute chart of QQQ, SPY & IWM highlight my expectation for a pullback ranging from at least 1½-3% from the recent highs with a move down to as low as the 240.50ish level on the SPY quite likely. As we are now thick [...]
Watching for a second 60-minute close (11:00am) below this price channel on SPY as well as the first 60-min close below the comparable channel on QQQ. Keep in mind that today is standard options expiration (OpEx) as the markets have a tendency to rise into OpEx, often starting a pullback the following week. Previous & [...]
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.