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.