$QQQ · Weekly 8/21 EMA Separation

Distance between the 8-week and 21-week EMA, as % of the 21-week EMA — a trend-stretch gauge
Current Separation
QQQ Close
Peak (last 5y)
Weeks Above 5%
out of last 260 weeks

Price & EMAs

QQQ weekly close with 8-week and 21-week exponential moving averages
Close EMA 8 EMA 21

8/21 EMA Separation (%)

Shaded zones: green <3% healthy · yellow 3–5% normal · red >5% stretched. Markers show major drawdown events.

How to read it

Under 3% — Healthy trendPrice advancing without the fast EMA racing ahead. Sustainable.
3–5% — NormalMomentum is strong but within historical norms.
Above 5% — StretchedFast EMA far above slow EMA. Historically preceded Covid crash, 2022 bear, and other pullbacks.