At Friday’s Market close both $SPY and $QQQ push to end the week at new all-time highs! Last week’s “tapering” panic was quickly shaken off by investors and traders alike seeing heavy bid action throughout the period.
The $SPY closed very strong at $450.19 (+1.14%), although major trend resistance sits overhead a few points higher around $460.00. A close above this resistance could bring fireworks for the index, or weakness a potential pullback.
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