SPY Analysis by @thestockschannel

Total Quality
Score
606.78
600.0000000000
617
SPY
1H
Free
Analysis Predict Bull Market
stock
Technical
The analysis focuses on a bullish breakout for QQQ, requiring it to hold above 534. Key price targets are 544.13 and 546, with a close consideration if it fails to hold above 534. Downside gaps exist.AMD hit its price target of 137.40, so lock profits.Microsoft is at new all-time highs, around 490, while Apple, trading around 199.99, has a long way to its all-time high, approximately 259.SPY also had a bullish breakout above 604 and is looking bullish, targeting 617 and potential further targets of 617 and 627. A failure to hold the 604 breakout could lead to filling the gap at 600. Key support at 594. The chart indicates a V-shaped recovery from an April low.
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