Pointing out two crucial price gaps, on the QQQ and SPY.
With Powell’s wildly successful 60 Minutes interview creating new records in the market (including the highest TICK value ever), there is a stampede toward anything resembling a Buy button. As the only person left on the planet who isn’t buying stocks, I would at least humbly like to point out what I consider to be two crucial price gaps. The first is 228.80 on the Nasdaq 100 ETF QQQ:
(Click on image to enlarge)
And 298.26 on the S&P 500 fund SPY:
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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