Market Status: Uptrend (5/5)
Not too much needs to be said because the trend remains positive, and we have not gained any distribution days today. One distribution day went into the less significant zone for the $SPY, and tomorrow, another will enter for the $QQQ. That will only leave three distribution days in the immediate danger zone for both ETFs moving into next week.
Speaking of next week, for both the $SPY and $QQQ, we will have three rolling off the map, so if we don’t gain too many, the market will be in a MUCH healthier condition.
But as always, never forget those risk management techniques and use your stop-losses