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Chart Attack: SPX, QQQ


The upper range is getting chopper as the North Korea banter gets louder. On Tuesday, we had a topping tail around the 2484 pivot. Yesterday, we absorbed the downside weakness, holding the 21 day at 2462.

Today, we’l see if the 2460-2462 area can hold again. A hard close below would open the door to the 50 day at 2448ish.

QQQ held the 21 day moving average again yesterday. The bears can’t growl too loud if this $142.50ish area holds again today.

A break and close below would raise volatility. The 50 day is below at $141.30.

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