They say the markets don’t crash up. The QQQ is trying to test this axiom. After a mid August trickle down to $360, the EFT has pushed up to $360 in just 8 sessions, with the bulk of the work being down in just five candles. The SPY also made a new all-time high. Some of the market internals, however, show a bit of a yellow light. $ADD and TICKS both ended the day negative, and the VIX, while red, didn’t break below $16. So what caused this move? Well, mostly APPL, AMZN, & FB (with a few other big tech names). These tech giants carried the markets on their backs, with AAPL having a 1+ ATR move to the upside to find new all time highs. We’ll watch these names for follow through today, and see if the IWM can break its upper $230 range.