The SPYs chart is bullish. First, prices have been rising since early March. All the SMAs are moving higher, the shorter SMAs are above the longer SMAs and prices are above all the SMAs. Prices have crossed the 200 day SMA, which is a sign the market is now in bullish territory. The 10 day SMA has crossed over the 200 day SMA and the 20 day SMA is about to move through as well. The only drawback to this chart is the diminishing volume
The QQQQs are also bullish. Prices have crossed over the 200 day SMAs, as have the other, shorter SMAs. All the short SMAs are moving higher, the shorter SMAs are now above the longer SMAs and prices are above all the SMAs. As with the SPYs, the only drawback to this chart is the diminishing volume.
This is also a bullish chart. Prices have crossed over the 200 day SMA. The 10 day SMA has crossed over the 200 day SMA and the 20 day SMA is about to. The shorter SMAs are moving higher, the shorter SMAs are above the longer SMAs and prices are above all the SMAs. This is a strong looking chart.
The only problem right now is the Transports which may be forming a double top. Notice the first top has higher volume than the second. Also note prices are below the 200 day SMA, meaning they could use the SMA for technical resistance. We don't know if they will or not going forward, but that is what the chart says.
