SPY/ QQQ charts are super strong. For the past two weeks, we saw gap downs on Mondays because of Deepseek & Tariffs. Then on Tues / wed / Thursday, the market filled all the gaps!
We have had two Monday gap downs, and naturally people are concerned if Trump will surprise us with news over the weekends. So last Friday (7th Feb) we saw a sell down because of this uncertainty. Now that it has been two weeks, the market has digested deepseek and tariffs news. I don't think any news can bring it lower. The bears have all the reasons to break the market, but all key levels are held.
With the market this strong, my guess is that if there are no news over this weekend, we gonna pump upwards real hard!
We have had two Monday gap downs, and naturally people are concerned if Trump will surprise us with news over the weekends. So last Friday (7th Feb) we saw a sell down because of this uncertainty. Now that it has been two weeks, the market has digested deepseek and tariffs news. I don't think any news can bring it lower. The bears have all the reasons to break the market, but all key levels are held.
With the market this strong, my guess is that if there are no news over this weekend, we gonna pump upwards real hard!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.