SPY And QQQ Breakout

Today, both the SPY and QQQ broke to the upside. The positive is volume increased slightly today supporting the move. However, breadth in both Indices diverged and was barely positive. The Russell (IWM) put in a higher high over yesterday but volume declined as did breadth. Now, it is important for the Indices to hold above support and to continue the rally with consistent increases in volume.

Leave a Reply

Your email address will not be published. Required fields are marked *