$SPY $Q


The main message this screen gives is this: momentum is strong, risk appetite is also supportive, and breadth has now improved reasonably. So the table is not being carried by only a few heavyweights, the spread is not bad either. But Stock Price Strength is still at a medium level and Premium Trend is zero. That is why even though the picture is strong, it is not yet in a fully sterile, flawless, one way relief phase. In short, there is quality, there is direction, but selectivity is still in play
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