SPY, QQQ, XBI Looking Similar to Early 2016

[TrendSpider_Jake]

The broad markets have been moving straight up for the last three weeks. However, crucial resistance levels are looking to be tested above if the momentum continues. An alert is set on the SPY weekly support now acting as resistance and a dynamic alert is set on the 50-week EMA on QQQ and XBI.

Full details below:
https://seekingalpha.com/instablog/49782486-trendspider/5258639-early-2016-deja-vu-spy-qqq-xbi

 

[murray t turtle]

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Never found 50 dma , as useful as 200dma, @ least on.

QQQ..... DOW/ has a track record of more down months in JAN

 

[murray t turtle]

The broad markets have been moving straight up for the last three weeks. However, crucial resistance levels are looking to be tested above if the momentum continues. An alert is set on the SPY weekly support now acting as resistance and a dynamic alert is set on the 50-week EMA on QQQ and XBI.

Full details below:
https://seekingalpha.com/instablog/49782486-trendspider/5258639-early-2016-deja-vu-spy-qqq-xbi


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Good timing,QQQ.......Mr Jake.
Ever noticed what maybe sometimes highly correlated ; like DOW, NasdaQQQ, on WSJ ,2 day charts,LOL??
Actually on 10 year or 20 year chart QQQ may NOT be[Edit; highly correlated ], or correlated @ all, with DOW/DIA??

I noticed that; QQQ is still uptrending, cleared 50dma; good fills sometimes closing into an uptrend.LOL[9:37-9:40 CST..........]