TTHQ

BE CAUTIOUS: SPY may drop to 200 EMA and follow QQQ

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
34 0 1
Watch for SPY             to follow down to 200 moving average and follow the QQQ             . Nasdaq index has been under the 200 EMA for almost 3 weeks and looking for the S&P 500             to fall to the same area. Best to be neutral or keep small position sizes if you are long or short. If SPY             breaks and closes below 204 look to add to shorts.

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