Technical Analysis of SPX, QQQ, and DJI
SPX: The SPX, or S&P 500, closed at 4,451.18, representing a gain of 0.52% for the day. The index opened at 4,432.29 and reached a high of 4,451.18, showing a steady upward trend throughout the day. The volume of shares traded was 6.07 billion, indicating a relatively high level of investor activity. The SPX has now gained 14.17% year-to-date, and it remains above its 50-day moving average of 4,392.64 and its 200-day moving average of 4,255.45, suggesting ongoing bullish momentum.
QQQ: The QQQ, or Invesco QQQ Trust, closed at 3,738.03, representing a gain of 0.53% for the day. The exchange-traded fund (ETF) opened at 3,715.05 and reached a high of 3,738.03, showing a similar upward trend to the SPX. The volume of shares traded was 2.05 billion, indicating a more moderate level of investor activity compared to the SPX. The QQQ has now gained 13.94% year-to-date, and it remains above its 50-day moving average of 3,660.52 and its 200-day moving average of 3,491.16, suggesting a strong bullish momentum as well.
DJI: The DJI, or Dow Jones Industrial Average, closed at 34,451.67, representing a gain of 0.51% for the day. The index opened at 34,201.53 and reached a high of 34,451.67, showing a steady upward trend throughout the day. The volume of shares traded was 3.2
12/29/2023 11:02pm
