Jun. 29 at 12:06 AM
$SPY $QQQ
Into the 4th of July week, seasonality still leans bullish, and we’re coming off a clean test of the 50 SMA on both
$SPY and
$QQQ.
Recent tape shows constructive sector rotation rather than breakdown-buyers are still rotating under the surface.
That said, no need to force size until price reclaims the 8/21 EMAs and confirms trend control.
For now, focus is narrowing to strong relative strength names building clean daily bases:
$FTNT
$MXL
$IBM
Watching group leadership, not chasing noise. The best trades usually come from the strongest sectors, not the loudest moves.
