So I guess we'll press higher into next Fed rate hike in December, If......
Two things I'm looking at is the
Dow Jones at the the top of is bearchannel around 33,550
QQQ right at 280 , which is weekly 200.
If QQQ and Dow Jones push past these numbers the spy will most likely push higher.
I'm looking at a possible move up to the 200sma around 405-10 by next CPI.
Watch QQQ, The dow kept the spy afloat the Last 2weeks but if the spy is to push higher , that push will come from the Fang and chip sector.
If we close above 390.50 , I'd look for a pop up to resistance (Yellow line ) which is around 395, then a pullback.
Until uptrend (Yellow support is broken) bulls have the wheels
Two things I'm looking at is the
Dow Jones at the the top of is bearchannel around 33,550
QQQ right at 280 , which is weekly 200.
If QQQ and Dow Jones push past these numbers the spy will most likely push higher.
I'm looking at a possible move up to the 200sma around 405-10 by next CPI.
Watch QQQ, The dow kept the spy afloat the Last 2weeks but if the spy is to push higher , that push will come from the Fang and chip sector.
If we close above 390.50 , I'd look for a pop up to resistance (Yellow line ) which is around 395, then a pullback.
Until uptrend (Yellow support is broken) bulls have the wheels
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Possible pullback for today 390-391... let's see what reaction to Michigan consumer report at 10
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Not buying this leg up here.. There's a full blown fire sell in Healthcare...
15-30min MFI way overbought.. either we flush today or dump hard Monday
15-30min MFI way overbought.. either we flush today or dump hard Monday
Did you see how SPY took off after QQQ broke 280? Crazy... Strap in , Tech isn't done yet... QQQ will push to 284 next