ArcadiaTrading

SPY & QQQ Bull Break - Can we Trust this Move?

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
- SPY trading double top at FOMC reaction highs from April

- QQQ Clear breakout but AAPL didn't participate that much

- Money rotating from AAPL into GOOGL and AMZN

- NASDAQ rising wedge still in play, but QQQ broke out of the rising wedge

- SOXX semi sector at potential H&S resistance, if it breaks out will give QQQ more fuel for upside.

- NVDA new 52 week high in sell zone now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.