By Licia Leslie
April 19, 2025
Hi Shoppers,
Here is another reason why I’ve been bullish all week.
The weekly charts, both the SPX and the QQQ have bullish piercing candles last week:
A bullish piercing candle is found at the bottom of a downtrend and is a change in trend candle.
Now to really get a rally going, we need to close over that downtrend line on each chart.
In the SPX that would be a close over $5522 and QQQ would be a close over $461.
Trade Review
SPDR Gold Trust (Ticker: GLD) traded up over nine dollars which was 3.25%.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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