Market Standing: Uptrend (5/5)
Not an excessive amount of must be mentioned as a result of the pattern stays constructive, and we’ve not gained any distribution days at this time. One distribution day went into the much less vital zone for the $SPY, and tomorrow, one other will enter for the $QQQ. That may solely depart three distribution days within the quick hazard zone for each ETFs shifting into subsequent week.
Talking of subsequent week, for each the $SPY and $QQQ, we may have three rolling off the map, so if we do not achieve too many, the market will likely be in a MUCH more healthy situation.
However as all the time, always remember these danger administration strategies and use your stop-losses