SPY and QQQ new LOD. Watching for next leg down ๐๐๐
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
We rise together.
10+ years of momentum and swing trading.
Options trader since 2020.
916Followers
13Following
7701Visitors
Follow
TSLA2800 : What does that mean?
TrendTrader OP TSLA2800 : SPY and QQQ are major market indices. When they go up, the market usually is also going up. When they go down, the market is usually selling off.
So when they dump for their next leg down - the stocks in those indices are also very likely to do the same.