BY LICIA LESLIE
June 30, 2024
Hi Shoppers,
The $SPX and $QQQ are sporting shooting star candles, created on Friday, which could be signaling a change in trend, or a pull back from here.
Check it out:
After making a new all time high, the $SPX is having a hard time closing over that red median line resistance.
It traded over it intraday on Friday, but as we all know, the close is the most important part.
I think we could pull back next week to $5445, which isn’t that far, and below that would be the nice round number of $5400.
This move would keep the bullish tone of the market.
Same thing happened in $QQQ:
Support sits just below here at $472.52 and below there at $474.
Trade accordingly.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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