poppii
03:32

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment