Global cross currents continue to pull forward. However, the S&P 500 found early support at the SPY $116 level. Price has held above its rising VWAP since then, though it’s hardly aligned with the heavy internals action [edit add: and the EOD forecast is ugly to Daniel’s point]. The daily-bar odds call for added upside, but I’m keeping exposure light given this discrepancy and will happily play some sideways trade.
Never Investment Advice
