I have a family member in the hospital so quick post tonight and the good/important part will be free for everyone.
Before that, today was a great example of how SPY 0.00%↑ can be red for the day but longs can continue to print. The biggest winners from today were the bond longs TLT 0.00%↑ and TMF 0.00%↑, AAPL 0.00%↑ , the Bitcoin long (profits taken) and OKLO 0.00%↑ which hit my $12.2 target for a 30% gain on the common in a couple of days. Many of you had calls and made much larger percent gains. We had added a SPY 0.00%↑ put hedge against our longs as well which was an added bonus.
I had warned in last nights plan above the paywall that this minor rug pull was imminent. Is it now time to BTFD?
This is all you need for tomorrow in terms of bias. If sellers can’t get traction below ES 5846.5-49 and especially if not below 5853.25 then it’s a huge long.
Below there is somewhat problematic and patience on any longs is warranted.
I’ll leave it with that for tonight.
The weekly post should be reviewed prior to this. Link to The Week Ahead