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QQQ - S&P 500: How Can Anyone Buy This High?! - Week Starting 1st April (Technical Analysis)
PowerShares QQQ Trust Ser 1
2024-03-31 16:00:00 ET
Summary
The S&P500 closed Q1 at 5254 with a PE ratio of 24.6.
It can be difficult to buy this high, but inflection points in the trend help to define and minimize risk.
The strong close to the quarter favors continuation in April and Q2, with no real resistance and strong seasonality.
The S&P500 ( SPY ) ended Q1 and the month of March at 5254. It has gained 28% in less than six months and now has a PE ratio of 24.6. How can anyone buy this high?!...