In today’s briefing:
- 20-Day MA Supports Holding on SPX, QQQ, IWM; Bullish Outlook Intact
20-Day MA Supports Holding on SPX, QQQ, IWM; Bullish Outlook Intact
- The SPX, Nasdaq 100 (QQQ), and Russell 2000 (IWM) continue to hold above short-term support at their respective 20-day MAs (currently 5966 on SPX, $526.50 on QQQ, $208.75 on IWM)
- As long as 20-day MA supports hold, our near-term bullish outlook that we have had since our 4/22/25 Compass remains intact.
- We will need to see breakdowns below 20-day MA supports in order to expect any meaningful near-term downside.
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