$QQQ TOP 20
Added 2025-04-10 13:03:28 +0000 UTCIf you are having difficulty understanding the market, don't worry, you are not alone, it has been very complex.
The two big surprises this week were:
1. How the $SPY managed to hold within $1 of infringing upon the Top of the 2022 high
2. How the $QQQ DID drop below its 2021 high at $408, so the Contrarian view can not be valid here, it breaks the theory.
This is the first time in a number of years where there has been a shift in counts between the two.
But this is not uncommon:
Over the last 10 years:
$QQQ is up +369%
$SPY is up +212%
So although they have been in sync over the last few years.....the $QQQ has greatly outperformed the market by nearly double.
It is therefore not a surprise to see it cooling down now
That all being said, they could still be in the same count, the only difference is that we can confirm that the $QQQ is not in the Contrarian count right now.
Comments
Is there a option for SPY to be in the 4th wave - ABC, and QQQ to be after the 5th wave in ABC correction?
Dante
2025-04-10 13:45:37 +0000 UTCWe will see. In qqqq we have 100 company In spy we have - 500
Dante
2025-04-10 13:39:41 +0000 UTCYep agree….so one has confirmation and the other doesn’t yet…it’s certainly building a picture
Gareth Neary
2025-04-10 13:23:16 +0000 UTCYeah either SPY or QQQ are lying. There is no way they would move opposite each other. Have to just stay open to both scenarios
Adam L
2025-04-10 13:16:26 +0000 UTCNo, I stroooongly doubt that
Vojtěch Šimeček
2025-04-10 13:11:41 +0000 UTCHad the exact same question already today, this clear commentary helps here a lot
Kad
2025-04-10 13:11:09 +0000 UTCThat’s possible for spy to potentially be in a melt up scenario while qqq does a full abc?
Jon marconi
2025-04-10 13:09:34 +0000 UTC
