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Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, highlights the ongoing strength in the market uptrend.
Redler points to SPY holding key support near $740, reclaiming $745, and advancing to new highs. He also notes semiconductors are in a rebuilding phase, with NVDA marked as a top trade for the current week.
Redler previously analyzed S&P 500 futures as they declined and SPY tested the $747 level, noting changes in sentiment around semiconductor and value tech shares in a recent report. He also highlighted weakness in QQQ as multiple stocks posted declines in another market update. These earlier comments reflect his ongoing tracking of key market levels and sector trends.