$SPY Fills 758 as $QQQ Tests Resistance and $AMD Hits 550
Three very different setups are playing out across the tape today.
🔴 $SPDR S&P 500 ETF Trust(SPY)$ : The gap at 758 has now been filled, matching 7,610 on $SPX.
That move was on the radar after price broke above the upper Bollinger Band. The market first trapped the bears, then turned choppy and eventually dropped 3.3% from the ATH.
Now sentiment has flipped bearish, price has reached the lower Bollinger Band, and there’s a fresh gap to watch.
🔵 $Invesco QQQ(QQQ)$ : Yesterday’s oversold reading helped fuel the rebound. Price is now testing the bearish diagonal.
The catch? There’s still a 711 gap sitting below. A close back above the diagonal could delay the retracement and give the short-term bulls another push. 👀
🟢 $Advanced Micro Devices(AMD)$ : This one followed the plan almost perfectly.
$AMD was one of the higher-probability setups posted last Saturday, with 533 and 550 marked as targets. Today, the second target was reached, putting the weekly gain at +5.6%. 🎯
Different charts, different signals.
$SPY is sitting at a key gap level, $QQQ is fighting resistance, and $AMD has already delivered the target. Now it’s about watching what price does next. 📈📉
Markets are always moving - and sometimes, the best move is knowing what works for you.
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