February 25th, 2022: SP-500, IWM and QQQ Chart Update
Posted by pugsma on February 25, 2022
12:45 pm EST: The SP500 gapped up from 4288 to 4297, quickly hit 4320, dropped to 4286 (day’s low) to close the gap and then ramped must higher to 4380…
Critical day here for the SP500, QQQ and IWM as each are challenging their respective falling 13-day EMA, which typically separates a continuing bear trend from a new bull trend). The13-day EMA is 4384 on the SP500, 346.60 on the QQQ and 200.19 on the IWM. Also, all three are challenging their respective upper down channel lines from early January. Closing above these key levels could lead a powerful new bull trend change.
Have a great weekend !
SP500 15-min chart:
SP-500 60-min chart:
SP-500 daily chart:
IWM 60-min chart:
IWM daily chart:
QQQ 60-min chart:
QQQ daily chart:
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