The market still has a lot of areas acting well, but I do not think this is a clean risk-on environment until QQQ starts to improve. IWM, the Dow, financials, healthcare, and other sectors are showing strength, but QQQ is sitting near a make-or-break level that could decide whether these setups get follow-through or start to break down.
In this video, I walk through why QQQ holding the 50 SMA matters, how today’s market compares to the stronger April and May environments, and why tech leadership is still the missing piece. I also cover the trades I’m watching and managing right now, including JP Morgan, ARKK, and the S&P 500 daily squeeze setup.
The main idea is simple: the market may look strong on the surface, but I want QQQ to confirm before assuming the next breakout is ready to go.
Check out my YouTube video to learn more!
Stay Focused,
Taylor Horton
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