Approximately 56.4% of the QQQ stocks are trading above their 50d MA & about 66.3% are trading above their 200d MA
These numbers suggest that while participation is positive, it's not extreme
- These levels indicate a moderately positive near-term trend with just over half of the constituents are in ST uptrends, suggesting reasonable participation, though it's not a runaway bullish signal
- A strong LT trend presence with two-thirds of stocks are in LT uptrends, supporting constructive structural strength beneath QQQ
These numbers suggest that while participation is positive, it's not extreme
- If QQQ continues higher, it’s worth watching whether the 50d breadth climbs further (strengthening the breakout thesis)
- If QQQ rallies, but fewer constituents join (50d breadth stalls or reverses), that could be a red flag for sustainability
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.