SPY at Resistance: Big Divergence with QQQ
Look for S&P500 to reverse and spiral down to catch up with the NASDAQ 100 (QQQ). Too much of a divergence between SPY & QQQ's. Look for SPY to at least come down to neckline for support. If support is broken, look for shorting opportunities.
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DO YOU KNOW YOUR TRADING IQ? I call it your TRQ. Learn to trade with uncertainty in the markets and discover what hundreds of other traders have discovered. I've created an online test...its FREE and the results will surprise you.
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