
QQQ/SPY Ratio; another long-term indicator trend in trouble
The ratio of big Tech (QQQ) to the broader market (SPY) is in danger of making a secular top The log scale monthly chart (displaying percentage changes) shows a channel breakdown of a leader that held sway since 2006 as big Tech (QQQ) vs. SPY drops from the channel to test lateral support. If that area breaks down it’s not going to be pretty in … Continue reading QQQ/SPY Ratio; another long-term indicator trend in trouble