Market Still Running, But Watch The Levels!!
I've been watching the big three closely, and so far the trend is still holding.
$SPY continues to grind higher after breaking out, staying above the key $690 area.
The bigger trend remains strong, but after such a move, I wouldn't be surprised to see some consolidation.
$QQQ is still leading thanks to AI and mega-cap strength.
The breakout is intact, but every push higher needs fresh buyers to keep momentum alive.
$IWM is the one I'm watching for rotation.
Small caps have lagged, but the structure is improving if buyers continue to defend key support.
The market has been rewarding patience, but chasing extended moves can get expensive.
I'm staying focused on levels and waiting for better setups.
Happy trading day! Think volatility stays high?
