Big green day — $SPY +1.5%, $QQQ +2.8%.
S&P now eyeing new ATH. That zone from prior high to 8000 becomes major resistance. 8000's my short target, but I need clean price action when we get there. If it lines up with that orange trendline? Even cleaner.
Nasdaq tagged blue resistance and backed off slightly. Leaning toward a small pullback tomorrow, but this level's not big enough to short yet. Real resistance sits at the prior high — 30762. That's where the setup matters.
No trade until the level proves itself. Wait for confluence, respect resistance, don't chase.
S&P now eyeing new ATH. That zone from prior high to 8000 becomes major resistance. 8000's my short target, but I need clean price action when we get there. If it lines up with that orange trendline? Even cleaner.
Nasdaq tagged blue resistance and backed off slightly. Leaning toward a small pullback tomorrow, but this level's not big enough to short yet. Real resistance sits at the prior high — 30762. That's where the setup matters.
No trade until the level proves itself. Wait for confluence, respect resistance, don't chase.
