Tech and semiconductor focused investor since 2019. Not financial advice. Just journaling my share buying and selling. My market strategist / fuRoo is my cat.
The Dow jones is staying above the 200WMA so far. While that can change before end of week, a close above this week implies that these prices from 36200-38000 is a bottom on the index and the $SPY and $QQQ as it was last two times in fall of 2022 and 2023.
No it’s not different because the $NYSE has helpers as the $SPX 600 A-D Line is at multi-year Bull Market Highs. It had made new bull highs prior to price is this leg up off the 3/31/26 lows signaling higher prices. Now the reconfirm.
If you remove the VIX qualifier below
There were 31x in history that
▪ QQQ had a +3% day
▪ Then saw the entire gain given back within the next two sessions
▪ At any point mid-day
23x it was already in a Bear Market
2x it entered a Bear Market within the next 4 trading days
3x it entered a Bear Market within the next 37 days
1x in 68 days
1x in 186 days
1x in 255 days