$SPY / $QQQ – Bull Flag Breakout in Progress?

📈 Both SPY and QQQ just broke out of bull flag patterns after a strong recovery from the April lows.

🔍 Technical setup:

Flags formed after a vertical rally ✅

Breakout candles with follow-through ✅

Still riding key EMAs (20/50) with decent volume ✅

📌 Targets based on flagpole projection:

SPY → ~582–590

QQQ → ~505–510

However… mind the context:

We’re heading into macro risk events, and positioning is getting crowded.

These breakouts need confirmation via volume + higher high closes.