{"id":19424,"date":"2023-04-10T08:52:09","date_gmt":"2023-04-10T12:52:09","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19424"},"modified":"2023-06-22T13:17:44","modified_gmt":"2023-06-22T17:17:44","slug":"qqq-spy-support-resistance","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/qqq-spy-support-resistance\/","title":{"rendered":"$QQQ and $SPY: Key Support and Resistance Levels To Follow Now"},"content":{"rendered":"
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Whether you’re a seasoned trader or a beginner, keeping up with the stock market’s crucial support and resistance levels can be challenging. Fear not, as we’ve got you covered with this timely update on $QQQ, $SPY, and other major indices. Here’s the scoop…<\/h1>\n\n\n\n

Are you wondering why the Nasdaq 100 is showing strength, while small and mid-cap stocks are struggling? If so, keep reading this post! <\/p>\n\n\n\n

In our previous post, we showed you the importance of the 200-day moving averages<\/a> in the current market. Those long-term support and resistance levels remain crucial to monitor, but let’s zoom in for a closer, updated look at the latest developments since then.<\/p>\n\n\n\n

In this article, we’ll dive into the current market split and analyze key technical indicators for ETFs such as $QQQ, $SPY, $IWM, and $MDY. With a few simple chart walk-throughs, you’ll have a clear understanding of the market-moving support and resistance levels you simply can’t afford to ignore. <\/p>\n\n\n\n

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