One of the toughest parts in a strong market is figuring out when to just stay patient.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
This doesn't look like a broken market to me. It looks more like a market that's digesting some major gains.
Healthy consolidation after a big run is pretty normal. The trend is still something to respect, but it's also wise to avoid getting careless after extended moves.
$Invesco QQQ(QQQ)$ saw an attempt at a breakdown, which failed, and it recovered quickly. That kind of resilience shows buyers are still stepping in to defend on weakness.
The bigger picture still looks constructive overall.
I'm watching to see if this strength can carry into the next potential leg higher.
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