Argus

โ€ข

Jun 16, 2026

Intermediate Term

Long Term

Summary

A stunning three-day rally has catapulted the major indices back near their June all-time highs and, once again, has set a clear mandate for who has control of the market. The S&P 500 (SPX) has jumped 4% after almost reaching its 50-day average just three days ago. More impressively, the Nasdaq 100 (QQQ) has exploded 7.3% over the same time and has booked daily gains of more than 3% in two of the past three days. These are the best short-term advances since stocks were emerging from the "tariff tantrum" in April of 2025. Quick moves like this for the QQQ generally happen when the ETF is forming either a bottom

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