It's a very interesting level to watch, QQQ/SPY
This is QQQ/SPY chart, currently sitting at 50% fib level and neckline for the previous double top.
Possibility A: QQQ/SPY breaks through the resistance, QQQ will keep outperforming SPY (If QQQ declines less than SPY, it will still print a positive gain on this Chart)
Possibility B: QQQ/SPY pulls back from the neckline and fib level, QQQ will lose its advantage against SPY.
Just a very interesting Chart I want to share.
Possibility A: QQQ/SPY breaks through the resistance, QQQ will keep outperforming SPY (If QQQ declines less than SPY, it will still print a positive gain on this Chart)
Possibility B: QQQ/SPY pulls back from the neckline and fib level, QQQ will lose its advantage against SPY.
Just a very interesting Chart I want to share.
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