The Long Investor
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$QQQ TOP 20
🕑 Added 2025-04-10 13:03:28 +0000 UTCIf you are having difficulty understanding the market, don't worry, you are not alone, it has been very complex.
The two big surprises this week were:
1. How the $SPY managed to hold within $1 of infringing upon the Top of the 2022 high
2. How the $QQQ DID drop below its 2021 high at $408, so the Contrarian view can not be valid here, it breaks the theory.
This is the first time in a number of years where there has been a shift in counts between the two.
But this is not uncommon:
Over the last 10 years:
$QQQ is up +369%
$SPY is up +212%
So although they have been in sync over the last few years.....the $QQQ has greatly outperformed the market by nearly double.
It is therefore not a surprise to see it cooling down now
That all being said, they could still be in the same count, the only difference is that we can confirm that the $QQQ is not in the Contrarian count right now.
Comments
Dante
Is there a option for SPY to be in the 4th wave - ABC, and QQQ to be after the 5th wave in ABC correction?
Dante
We will see. In qqqq we have 100 company In spy we have - 500
Gareth Neary
Yep agree….so one has confirmation and the other doesn’t yet…it’s certainly building a picture
Adam L
Yeah either SPY or QQQ are lying. There is no way they would move opposite each other. Have to just stay open to both scenarios
Vojtěch Šimeček
No, I stroooongly doubt that
Kad
Had the exact same question already today, this clear commentary helps here a lot
Jon marconi
That’s possible for spy to potentially be in a melt up scenario while qqq does a full abc?
