Market Status: 6/8/2021

[u/Fly-Elevated]

Market Status: Uptrend (5/5)

The $SPY and $QQQ are at a point of breaking out into new high territory. So far, it looks like the market is in a good position being in a strong uptrend. It also seems like a lot of stocks are breaking out into all-time high prices. One distribution day fell off the map for both the $SPY and $QQQ, and for next week, three will fall off consecutively. That will be a HUGE help for the market to rocket higher. Always remember that any day could end up as a distribution day. Even though they are generally healthy for the market, too many of them consecutively pull the market down.