SPDR S&P 500 ETF (SPY)
Technical Analysis
Long Term Trend | Up.
Short Term Trend | Up.
Support Line | USD 325, next support 305.
Resistance Line | USD 359.
Stochastic | Signaling upward movement but strength not as strong as 1 1/2 week ago.
Conclusion
Chart showing buy signal, suitable for both long & short term investors.
For stock details, please refer to the previous SPY post dated 3 Sep 20.
Invesco QQQ ETF (QQQ)
Technical Analysis
Long Term Trend | Up.
Short Term Trend | May turn down temporary.
Support Line | USD 270, next support 250.
Resistance Line | USD 304.
Stochastic | Touching overbought zone, a temporary downturn soon.
Conclusion
Long term buyer can consider if don't mind the possible short U-turn.
For stock details, please refer to the previous QQQ post dated 13 Sep 20.
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