The $SPY regained levels above key anchors from the all-time high and the election, while maintaining momentum.
Similarly, the $QQQ broke a pattern of lower highs and lows, establishing an uptrend above its year-to-date anchor.
$SMH performance is promising, although in a broader range, while $IWM continues to underperform
$XBI remains in a primary downtrend with continuous lower lows and highs.
#Bitcoin’s momentum was discussed in terms of strategic bidding adjustments, while the $XLF stocks’ performance was linked to earnings.
$XLE surprised with movements against expectations, demonstrating the importance of reacting to market changes
$AAPL potential bounce and $NVDA consolidation were discussed in relation to key moving averages and anchors, pointing out required conditions for potential rallies or breakdowns.
