Nate Bear, Lead Technical Tactician, Monument Traders Alliance The market's on fire, and I've got a setup that's too hot to ignore. But first, let's talk about where we are. The SPY just hit a fresh lifetime high after the Fed announced a half-percent rate cut. Despite the Consumer Confidence Index taking its biggest dive since August 2021, the market's still flexing its muscles. Traders are loving it, and honestly, I'm in full-on bull mode until something changes. Are there going to be bumps? Absolutely. But I've got my sights set on SPY 600. Will we get there by year-end? Maybe, maybe not. But that's the direction I'm betting on. Now, the QQQ isn't quite as strong - hasn't hit those all-time highs yet. But guess what? I think that's where we're headed. So, what am I doing in this environment? I'm looking for bullish setups, doing bullish scanning, and generally expecting things to go higher. Remember the old saying, "Don't fight the Fed"? Well, the Fed's dovish, so I'm not about to stand in front of that train. Now, let me introduce you to a setup I'm loving right now: Digital Realty Trust (DLR). I found this gem using our AI scanning tool, S.A.M. When you click the image below, you'll discover: - Squeezes galore - not just one, but FIVE different timeframes!
- A classic pattern emerging - that's just too good to ignore
- The sweet spot for entry - it's all about the volume
- Why this confluence has got traders buzzing with excitement
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