Index Updates

Here’s some quick charts of QQQ and SPX with Twitter and StockTwits sentiment readings. QQQ is most likely going to close its consolidation warning today.

140527qqq

The StockTwits community still has SPX on a consolidation warning and doesn’t like the sideways action over the past few months.

140527spxST

Sentiment from the Twitter stream isn’t too impressed with the recent action either.  However, the break above 1900 today is bringing some strong readings.  As a result, sentiment will probably break its downtrend line and signal the resumption of the uptrend in the next day or two.

140527spx

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