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QQQ poised to outperform SPY?

QQQ/SPY  
QQQ/SPY  
This chart is the ratio between QQQ and SPY . When the ratio increases, it means QQQ is outperforming SPY .

Just recently the ratio broke out of a symmetrical triangle, and now we may be entering into an ascending channel (purple lines).

If we can manage to stay within the ascending channel , then it's safe to assume that QQQ could outperform SPY by 5 percentage points in the short term. E.g. if SPY returns 10% in a month, then QQQ returns 15% - a difference of 5 percentage points.

If we break out from the ascending channel and move higher, then QQQ could really outperform SPY .

Comments

Would be interesting to see if it forms an inverse head and shoulders.
Reply
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