This isn't my expectation, but it's hard to ignore how closely this $SPY dotcom analog is tracking, especially if markets pull back over the next few weeks.
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The 2020 covid rally overlayed on today's $QQQ chart.
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There's no question the AI boom resembles the dotcom bubble but at what point in the cycle is $SPY?
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The easiest way to spot a $SPY bottom is when price bounces off anchored VWAP from the lows.
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How the stock market used to move compared to how it moves today. $QQQ
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Bears getting ready for another day of shorting the stock market. $QQQ
