4/21/26 Recap
The SPY continues to flag way over the 8 ema as the market awaits tomorrow’s ultimatum deadline. The vix remains sub 20 so not alot of fear going into this event. It feels like the market has moved on from the war but I don’t want to say that because if we do restart the war we likely will get very ugly again. For now the most important thing to me is you can see the 50 day(yellow) and the 200 day(green) flattening out and not forming the death cross that seemed imminent 3 weeks ago. We made such a sharp move higher which averted a major technical breakdown. There isn’t much to say here we still have alot of room down where even on a scare tomorrow if we move down to 690 by friday we’re still over the 21 ema and in good shape for a continued move higher.
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