$SPY TOP 20
Added 2023-08-06 20:08:53 +0000 UTCI have gone through this chart a lot over this weekend and can see very little in terms of a pull back to be anything more than a small subwave of this larger Wave 3 count.
It is still well above the 50 Day MA and we can see the yellow trend line is above that too.
Plenty of support here, I am just seeing a standard small pull back before this moves higher for the rest of the year.
People are still buying in this market, as we are too.
The Mega Caps are feeling it a bit but they have been ahead of the market all year, may be it is time for the smaller companies to start moving higher to catch up with the Mega Caps, this would align with what I am seeing on my chart.
No reversal, no correction and not much weakness.
Comments
Got it ! Thank you
Yoko Yu YYKK #4204
2023-08-10 11:02:28 +0000 UTC$QQQ is made up of Tech stocks in one industry. And Tech stocks are struggling at the moment. $SPY is made up of the 500 strongest companies, that are in multiple industries. So it is better diversified
Gareth Neary
2023-08-10 07:58:41 +0000 UTCHow come SPY doesn’t match QQQ pull back? Isn’t QQQ drop more will cause SPY drop more as well? Thank you
Yoko Yu YYKK #4204
2023-08-10 04:07:35 +0000 UTCThanks Jess
Gareth Neary
2023-08-07 11:23:24 +0000 UTCthanks for all your hard work on the charts! super helpful!!
JessyyRabbit
2023-08-07 02:54:54 +0000 UTCCan you please chart SPXS?
Baktash Azizi
2023-08-06 20:16:34 +0000 UTC
