Market continues melt-up in the last trading session of the first half of 2023 with SPY +1.18% and QQQ +1.54%. VIX pushed to bottom below 13 before spiking at the end of the session, closing the day in green, pulling the entire equities block along before the closing bell, clearly showing most traders not confident holding positions over 3.5-day weekend holiday. SPX breakout from call wall at level 4400 right from the start of the day and closed at quite neutral level ~4450 while QQQ rejected at call wall 370.
Accordingly, market breadth continued to improve and ended Q2 with quite bullish signals. Notably, the stock market will close early today (07/03) at 1pm ET and fully close tomorrow for Independence Day 4th July.
Viet Hustler is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
