Market already near highs. Could today technically be a โFTDโ.
Volume wasnโt higher than Friday but 3.14% on $QQQ is worth noting.
Leaders breaking out of technical buy areas.
$TER $COCO $MRVL
6/15/2026 - Market Environment
Breakouts are starting to work, breakdowns aren't accelerating. Especially with this US-Iran peace deal, we can see some traction. 71.4% of $SPY members closed above their 10ema (increase from 63.8% the day before) and 56.4% of $QQQ members closed above their 10ema (increase from 51.5% the day before)
USD ($DXY) is starting to stabilize, $VIX is falling, the 10-year yield is also starting to stabilize, as well as $HYG. The yield curve is starting to flatten/normalize, and Gold / Crude Oil are falling... all indicating a risk on environment.
5 distribution days on $QQQ and 4 on $SPY.
With leaders still above there 21 day not full sell signal yet imo.
I donโt think we end like this. AI is definitely bigger than previous market cycle themes. So if anything we likely get a run to new highs then blow off top.
Close.
5 distribution days on $QQQ and 4 on $SPY.
With leaders still above there 21 day not full sell signal yet imo.
I donโt think we end like this. AI is definitely bigger than previous market cycle themes. So if anything we likely get a run to new highs then blow off top.
Close.