It managed to catch the surge in QQQ today and projects that strength to continue. Long term market followers know that tech and the financials most often lead rallies and if that's any guide the bears are in trouble. Is this recovery for real? Some doubters make a thoughtful argument to the contrary and we need to keep in mind that the more the market rallies the higher the odds the FED will raise rates and deflate the party balloon. The current short term overhead resistance on SPY is 225 by the way.
