4/29/25 Recap

The SPY continues the slow grind up after breaking the downtrend last week, nothing much to report today so we all wait for the big ones tomorrow and thursday starting with MSFT and META. The overhead resistance at the 50 day still remains in place around 560. We’re finally getting that 8/21 ema bullish crossover now and things appear to be mostly alright for now. I think you can sell puts at that open gap below at 525 if you’re wanting to get long but be prudent.

My Open Book