Three stock charts to review heading into the weekend. These are the Dow Industrials ETF (DIA), Nasdaq ETF (QQQQ), and the S&P 500 ETF (SPY).
We have some very interesting scenarios building here with each ETF in relation to a downtrend line showing different results. Here are the weekly stock charts for the three major indexes from the past three years.
Dow Jones Industrials ETF (DIA)
The Dow has broke the downtrend line.
S&P 500 ETF (SPY)
The S&P 500 is touching the downtrend line.
Nasdaq ETF (QQQQ)
Nasdaq has yet to touch the downtrend line.
About Kerry Kobashi
Kerry is the founder of KerryOnWorld. He currently lives in Silicon Valley and has worked over 15 years as an engineer and project manager. He owns Kobashi Computing, a consultant company.
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