Leading Groups Continue to Push Higher While the Broad Market Consolidates
Attached is the intraday charts (2 hour timeframe) of the Nasdaq 100 (QQQ) and the S&P 500 (SPY). The base structures which began to develop with the local Selling Climax (SC) on the 24th January continues to mature, and last weeks potential Change of Behaviour held reasonably well on the first day of testing by the large operators today with the S&P 500 holding above the year to date VWAP level and the Nasdaq 100 holding the VPOC of the range, but remaining under its year to date VWAP level. Hence, the S&P 500 continues to show more relative strength than the Nasdaq. But the behaviour in each remains similar.
US Stocks Watchlist - 21 March 2022
There were 30 stocks for the US stocks watchlist today. Here's a small sample from the list:
UPST, LXU, SSCO, LAC, + 26 more...
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.