Thin market, but it does not matter...

...as long QQQ holds the line!

Well, we all saw strong indices (SPY QQQ XLK), but we can also see a lot of weakness (IWM) last week. The market is very thin, but it does not matter.

As long as the indices (SPY, QQQ) are strong and we are in a Quad 1-2, there is enough strength to carry us higher.

Either breath catches up (if yes, then after FOMC) or it does not, and tech needs to hold the line alone. The market was thinning all 1999 until March 2000, something like this can go on for a long time. Biotech is the second strongest in the market.