SPY - Simply an amazing comeback
The $SPDR S&P 500 ETF Trust(SPY)$ was in a bear market for a minute intraday back in April, not even 3 months ago.
Today it’s up a clean +7% ytd.
The $Invesco QQQ(QQQ)$ has done even better at +9% ytd.
Annualize this and we are looking at another +14% and +18% ytd, respectively.
Simply an amazing comeback.
$NVIDIA(NVDA)$ : Who knows, someday a pullback will come, is this the indecisive candle announcing a well deserved breather?
Worth noting the overbought and divergent RSI.
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