2/2/26 Recap
The SPY opened up below the 21 ema but has quickly rallied back over the 8 ema and for the moment looks good. I don’t want to be a bear but we’ve gone below the 21 ema 3 sessions in a row, that isn’t good, the more tests, the more likely the floodgates end up opening lower. Bulls would like to see this move up over 697.84 and make new highs. Earnings from Google and Amazon this week will be big catalysts for that. Otherwise alot of of the rate panic we saw with the Warsh nomination friday has subsided. I was thinking of taking some risk off on the open under the 21 but because we instantly recovered it I’m staying levered long until I see a meaningful move below and close.
Top Gainers From Friday’s Recap
My Open Book
Trades I Made Today
