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ArcadiaTrading
May 17, 2023 9:48 PM

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

SPDR S&P 500 ETF TRUSTArca

Description

- 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.
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