SPY daily.
Positives:
EMAs 20 50 100 all up, in the right order, and widening.
Price pushing the outside of the Bollinger envelope, as it almost goes parabolic.
Many marubozu candlesticks on the way up.
Increased volume.
Long buildup in ranges before the move up.
MACD and Histogram bullish.
Sto bullish.
Negatives: What's not to like?
Driven by Tech, not much breadth.
Climbing the wall of worry. The bubble could burst at any time.
DIA QQQ and SPY all good, but IWM is stuck beneath resistance.
The boom in June is a bit suspect. But the money is there, ready to buy.
Conclusion: All systems Go for this trader, the bias is bullish. As daytrades and scalps on ES and SPY, NQ and QQQ, DIA and YM. No swing trades on these for this trader. When the bubble bursts, and there is a pullback, no worries, just get ready for the next move up.
Charts posted are not recommendations. They are just a sharing of information.