QQQ on the weekly chart is nearing overhead resistance in the 170-175 range. I’m expecting a drop starting next week that brings us to the bottom of the trendline near 140. This will probably take anywhere from 3-6 weeks if the index does start to drop.
SPY still has more room for upside until it runs into resistance. The resistance zone is in the 275 to 280ish range. I don’t expect SPY will go above 280 during 2019.
See you next week.
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