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ArcadiaTrading

QQQ Pulls Back But | SPY's Sectors Did Not Get Money Rotation

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ArcadiaTrading  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators QQQ SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) nasdaq qqqforecast qqqshort
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trendanalysis chartpattern indicator qqq spy spx500 spx nasdaq qqqforecast qqqshort
- Yesterday i talked about when QQQ consolidates on the Daily we want to see money rotate into the SPY sectors in XLF XLV XLE or any other sectors

- What we got was SPYs sectors joined team bear when QQQ is daily consolidating so its the first convincing bear day for me

- note its only one day and QQQ chart is still very healthy, just a daily consolidation but if QQQ continues to pull back a little more and SPY also pulls back SPYs chart is not looking that great. already back into the sideways range

Idee correlate

ArcadiaTrading
SPY Key Support | QQQ Size of Pull Back is Key for me
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