SPY holds steady while QQQ sells off

During the past week, SPY and QQQ have diverged in their paths

  • QQQ slowly and steadily sold off
  • SPY traded flat during that time
  • This indicates that the sell off in QQQ was primarily tech driven and did not spread to the rest of the industries
  • other industries look to be holding stable
Oscillatorsrsi-emaSPDR S&P 500 ETF (SPY) Support and ResistanceTrend Lines

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