Saturday, March 21, 2026

March 21, 2026 ETF Technical Analysis: Strong SELL on Tech (QQQ/TQQQ) + BUY on Energy & Gold

March 21, 2026 ETF Technical Analysis: Strong SELL on Tech (QQQ/TQQQ) + BUY on Energy & Gold

ETF Technical Analysis Update: March 21, 2026

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any securities. All content is based on technical indicators derived from post-trading session data and publicly available market information. Past performance is not indicative of future results. Please consult a qualified financial advisor before making any investment decisions. Investing involves risk, including the potential loss of principal.

Overall Market Insights

Markets closed the week with an orderly selloff amid geopolitical tensions, rising oil prices, and rotation out of tech/growth into energy and commodities. Major indices like the S&P 500 (SPY) and Nasdaq-100 (QQQ) are showing short-term weakness, with prices below key moving averages and bearish MACD/RSI crossovers. Small-caps (IWM) and leveraged tech (TQQQ) exhibit stronger sell signals in the near term. Safe-haven assets like gold (GLD) and bonds (BND) are holding firm with bullish momentum. Longer-term (20-30 days), several ETFs show potential for recovery as oversold conditions emerge. Key indicators used: APO, DMI, MACD, MFI, Parabolic SAR, RSI, SMA crossovers, Stochastic Momentum, Time Series Forecast, and Ultimate Oscillator.

Highlights of Bullish/Bearish Signals

  • Bearish short-term (5-15 days): Tech-heavy (QQQ, XLK, TQQQ) and broad-market (SPY, DIA) ETFs flashing strong SELL signals due to RSI below 30-40, negative MACD histogram, and price below 50-day SMA.
  • Bullish rotation: Energy sector (XLE, XOP, XES) showing BUY on MFI divergence and Parabolic SAR flips; gold (GLD) and utilities (XLU) as defensive plays with positive APO and Ultimate Oscillator readings.
  • Mixed/Neutral: Financials (XLF, KBE) and healthcare (XLV) lack clear direction, awaiting confirmation on longer horizons.
  • Comparisons to prior sessions: Increased sell pressure vs. last week, with leveraged names (TQQQ, UPRO) amplifying downside; energy strength consistent with commodity rotation noted in recent data.

Consensus Signal Table

ETF 5 Days 10 Days 15 Days 20 Days 25 Days 30 Days
BNDbuybuyBUYBUYbuybuy
DIAsellsellneutralbuybuybuy
GLDBUYBUYbuybuybuybuy
IWMSELLsellsellneutralbuybuy
JNKsellneutralbuybuybuybuy
KBEneutralbuybuybuybuybuy
QQQSELLSELLsellneutralbuybuy
SPYsellsellneutralbuybuybuy
TQQQSELLSELLsellsellneutralbuy
UPROsellsellneutralbuybuybuy
URTYsellsellneutralbuybuybuy
XBIsellneutralbuybuybuybuy
XESbuyBUYbuybuybuybuy
XHBneutralbuybuybuybuybuy
XHSneutralbuybuybuybuybuy
XLBneutralbuybuybuybuybuy
XLEBUYBUYbuybuybuybuy
XLFneutralbuybuybuybuybuy
XLIneutralbuybuybuybuybuy
XLKSELLsellsellneutralbuybuy
XLPbuybuybuybuybuybuy
XLREbuybuybuybuybuybuy
XLUBUYbuybuybuybuybuy
XLVneutralbuybuybuybuybuy
XLYsellsellneutralbuybuybuy
XMEbuybuybuybuybuybuy
XOPBUYBUYbuybuybuybuy
XRTsellneutralbuybuybuybuy

Strong Consensus Trends & External Confirmation

Strong SELL consensus on QQQ (5-10 days) and TQQQ aligns with recent technical breakdowns. Strong BUY on GLD and energy ETFs (XLE, XOP, XES) reflects safe-haven and commodity rotation.

  • Source 1: "Invesco QQQ Trust ETF Technical Analysis" (Investing.com, Mar 20, 2026) - Agrees with our SELL on QQQ/TQQQ; author notes RSI(14) at 25.6 (oversold but moving average sell signals dominate) and 12/9 sell indicators confirming short-term downside.
  • Source 2: "The 1-Minute Market Report, March 15, 2026" (Seeking Alpha) - Supports BUY on energy/commodities (XLE/XOP) and rotation away from tech; cites orderly selloff in equities with investors favoring energy amid rising oil prices.
  • Source 3: "SP500, QQQ and IWM Technical Analysis" (Pugsma.com, Mar 19, 2026) - Confirms IWM SELL and broader weakness in QQQ/SPY with key indicators (MACD, SMA) pointing lower short-term.

These external views reinforce our spreadsheet-derived signals without contradiction on strong calls.

Posted by Joe McVerry (@usacoder) on X on March 21, 2026

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