QQQ/SPY Leadership
QQQ/SPY leading (+5.04% from 200D MA, 38d streak)
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QQQ:SPY ratio vs 200D MA — tech-leadership barometer.
- 99 signals since 2000-01-01.
- QQQ/SPY leading (+5.04% from 200D MA, 38d streak)
Status
Leading
Streak
38d
Ratio
0.9559
200D MA
0.9101
% from MA
+5.04%
4W Change
+0.64%
As of
2026-06-05
When to run this study
Run daily as a regime barometer. The QQQ:SPY ratio above its 200-day MA signals tech leadership — historically a risk-on tape. Sustained breaks below mark defensive rotation; watch for re-cross above as a leadership reclaim.
Historical results
Forward 1M SPY Returns by Regime
| Regime | Days | Avg 1M Fwd | Win% |
|---|---|---|---|
| QQQ/SPY Above 200D MA | 4128 | 1.09 | 67.90 |
| QQQ/SPY Below 200D MA | 2319 | 0.32 | 60.20 |