February 28th, 2022: SP-500, IWM and QQQ Chart Update
Posted by pugsma on February 28, 2022
11:30 pm EST: The SP500 gapped down from 4385 to 4355, quickly hit 4327 (day’s low), then rallied back to 4385…
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 4382 on the SP500, 346.86 on the QQQ and 200.90 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.
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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