Even If $SPY Stalls, Breakout Setups Are Everywhere

AfraSimon
06-19 09:46

Qullamaggie's high timeframe breakout setups are everywhere right now...they often have:

- multi-month or multi-year bases

- tight consolidations after a strong move

- strong relative strength vs the market

- powerful fundamental/theme tailwinds

- expansion in volume as they approach highs

- potential to enter a “price discovery” phase

I don't care if $SPDR S&P 500 ETF Trust(SPY)$ drops a little because this is a theme picker's market.

New themes are emerging weekly. The strongest themes are holding highs (neoclouds, info tech, memory, semis, etc). Undiscovered bottlenecks are forming.

SO many insane setups out there right now...and many that I believe can/will outperform even if the overall market chops around this summer.

Strong stocks get stronger infinitely more often than weak stocks become strong.

Read that again….it’s a realization that completely changed my trading.

It’s way better to join the dance floor when the DJ is already playing bangers, instead of before the music even starts.

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