To fill this morning’s gaps, $SPY would have to decline to 600.54 and $QQQ to 532.17. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is. https://t.co/7I84E6pI16
$QQQ is now less than $5 away from ALL TIME HIGHS $SPY is now less than $10 away from ALL TIME HIGHS
SPX less than 1.5% from new all time highs lmao
U.S. equity futures climbed on Tuesday, lifting Nasdaq 100 contracts to a fresh all-time high and bringing the broader market to within striking distance of new records. The underlying Nasdaq 100 index sat roughly 150 points shy of its own peak, while the S&P 500 was less than 1.5% below its January record. In ETF trading, the tech-heavy Invesco QQQ Trust was within US$5 of its high, and the SPDR S&P 500 ETF trailed its own peak by about US$10. Technical analysts pointed to unfilled opening gaps at 600.54 for SPY and 532.17 for QQQ as potential gauges of the rally’s durability; how quickly—or whether—those levels are revisited could help determine the strength of the prevailing uptrend.
