Dec. 24 at 6:06 AM
$QQQ is only -2.34% from all time high.
$SPY is only -0.25% from all time high.
■ Both indices are above all key (20,50,100,200) moving averages.
■ RSI has strengthened to 55 to 59 respectively with plenty of room before reaching overbought.
■ MACD is positive and made positive convergence (blue line crossing up red)
That said,
$BTC.X decoupled from the market in the last few months but should have a great rebound in 2026 from current -31% level.
High valuation or not, AI demand is enormous, and AI related stocks will continue to drive the market rally in 2026 and
$TQQQ and
$SOXL should have a great year.