QQQ poised to outperform 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 .


Would be interesting to see if it forms an inverse head and shoulders.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out