QQQ and SPY both had big pulls mid morning but made V-shaped bounces in the afternoon. The small caps were notably the weak index closing down 1.5%. The strength continues to be large cap tech...
The SPY and QQQ are in melt up mode while the IWM is poised to breakout. Plenty of nice setups headed into the holiday shortened week.
While the indices finished green today, many individual names struggled to get going. And with the long holiday weekend already starting for some of the big traders I don't expect much opportunity...
The indices continued the sideways drift in an effort to let the short term ma's catch up to price. TSLA, BYND, and SPCE from the watchlist all had nice intraday moves. Tomorrow starts a new month...