Aug. 3 at 10:18 PM
$SPY held the
$730 level like a pro and pushed right back toward ATHs!
Meanwhile,
$QQQ lagged slightly but is now trading right near the pink reclaim line.
Until it is officially confirmed, I’m holding off on new broad longs, focusing strictly on relative strength setups:
•
$VIK (swinging intraday through
$58.50–
$62.20, trading at
$61.85)
•
$CAKE (coiling through
$68.10-
$72.40, trading near
$71.50)
•
$EAT (breaking out through
$74.20-
$78.90, trading at
$78.15)
Smart money is quietly absorbing liquidity off key support ahead of the next major expansion!
