12/4/2025 - Breakout Style? · Risk Management

Jude Cowie

24d • Pre Market

12/4/2025 - Breakout Style?

The SPY and QQQ are now both above the previous day's high in the pre-market.

We can see the price is responding well at the moment by being able to move higher aggressively and stay higher.

The only thing I'm not seeing a lot of is great price structure.

How is the price structure forming to show that this move can continue?

Because last Tuesday we had a similar setup:

Gap up right at the previous day's high
Some trend into the open
Then solid price response from the open

However, that day was filled with many fake long setups that actually became short setups, so is today going to be similar, or is there something truly different?

We have CLEARED the previous day's high today, versus last time we only opened at it.
We went from ranging in the pre-market to a sudden pop that—so far—we are able to hold.
Though we are gapping up above the previous day's high, the previous day closed strong, so this gap isn't that big, which could leave more room for intraday trading.

Once the market opens, we're going to need more information on the price

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