Why the Stock Market Is So Confusing Right Now
- The QQQ gets back above its 50-day moving average.
- The IWM gets above its 50-day moving average or at the least continues to rally.
- An increase in the number of S&P 500 components making 20-day highs.
- Downside follow-through of the Utilities Select Sector ETF (XLU) vs. the Consumer Discretionary Select Sector ETF (XLY) sector.
- And lastly, signs of accumulation through price and volume acceleration.
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