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July 14th, 2022: IWM and QQQ Chart Update

Posted by pugsma on July 14, 2022

IWM 60-min chart:

IWM Technical Analysis

IWM daily chart:

IWM Technical Analysis

IWM weekly chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

QQQ daily chart:

QQQ Technical Analysis

QQQ weekly chart:

QQQ Technical Analysis

5 Responses to “July 14th, 2022: IWM and QQQ Chart Update”

  1. pugsma said

    Note that the QQQ have a legit shot a weekly MACD bull cross with a decent size up day on Friday. This has not happened since the QQQ correction began in Nov 2021.

    • pugsma said

      And still a weekly RSI +DIV since the 269.28 low in mid-July.

    • pugsma said

      Both the IWM and QQQ weekly MCAD came within a whisker of going bull cross at the close of last week.

      They will now need to close bull cross this week (Friday July 22nd) and confirm this bull cross next week (Friday June 29th).

  2. pugsma said

    The QQQ has not close above its 50-day SMA since March.

    The 50-day SMA is at 293.30. This is a key level to watch for a decisive trend change.

    • pugsma said

      The QQQ is set to gap up open above its 50-day SMA at 293.36.

      The QQQ has been trapped below the 50-day SMA since it hit 371.83 in late March.

      This is step 1 of a major trend change.

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