Today's explosive move in QQQ likely the beginning of a blowoff top, similar to the one in July 2015 during which QQQ spiked up to new highs while SPY remain capped under highs.
https://wingcapital....daq-divergence/
Great Divergence in QQQ and SPY
Started by
DaVinny
, Oct 25 2016 01:05 AM
2 replies to this topic
#1
DaVinny
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Posted 25 October 2016 - 01:05 AM
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"The greatest deception men suffer is from their own opinions." – Leonardo daVinci
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"The greatest deception men suffer is from their own opinions." – Leonardo daVinci
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#2
Charvo
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Posted 25 October 2016 - 01:27 AM
I agree. I think the QQQ is definitely the king now. However, the volume on Monday was really lacking for a big price move. The XIV in particular which is the inverse volatility ETF had the lowest volume day of the year, and it closed at a 52 week high. It looks like the bears are capitulating bigtime on this move up in the broad markets. Everyone thinks Yellen is keeping this market levitated into elections.
Edited by Charvo, 25 October 2016 - 01:27 AM.
#3
cobb
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Posted 25 October 2016 - 12:38 PM
it looks like 12/30/2015 on the ndx to me .
