Update: S&P + NKE, GE, COP, MRK
Hello all, just a quick update to everyone while the S&P 500 is trading quite well. The NYSE is clocking in at 80% upside vol, while Nasdaq breadth is at 81.5%.
Tech is outpacing the broader market, so if traders want to go with QQQ over SPY or NQ over ES, that’s fine.
Here’s how I’m looking at the SPY/SPX right now: