The S&P 500 has been flat since October 29.
Small rallies get sold. Small dips get bought. Net = chop.
QQQ
Peaked 10/29/2025. Down 4.78% from highs.
The 21-day, 50-day, all-time AVWAP, and 11/24 low AVWAP have all converged into one zone. All four are currently acting as resistance.
The NYSE FANG Index peaked on October 31, 2025.
It decisively broke its 21-day on December 12. That moving average has acted as resistance ever since.
Down 16.9% from highs. Every bounce sold. Lower highs. Lower lows.
The S&P 500 is down less than 2% from its highs.
Swing Trading
It’s been horrendous. Stop and go and stop and go. No real follow-through to the upside or the downside.
Breakouts become breakdowns — only to become breakouts the next day — and repeat the process the day after that. A big circle jerk.
This is the environment where active traders get chopped to pieces if they’re not careful.
For times exactly like this is why I made this video many moons ago: Holding ETFs as Core Holdings.
It covers how to stay in the game during choppy, directionless markets without bleeding out from constant stops.
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