5/11/26 Recap
The SPY continues the drift for the ages as we approach 740! We were sub 630 at the end of March! Look at that blue line below and burn it into your brain for the future that you simply stay long anything as long as its riding over the 8 ema and then you reassess/get out when that 8 ema breaks. We have not seen 1 break of the 8 ema on this entire move since the ceasefire. While it feels unreal, it’s also textbook and there isn’t much else to add but everyone is hoping and praying they get out when the game of musical chairs ends. I will tell you exactly when it will end, or when you should step aside. That light blue line is the 21 ema, when we finally move under that and close there, that is when this uptrend is done. Now 90% of the time a move under that is not bad and we recover within a few sessions, but if you’re disciplined, you will go to all cash until we reclaim it and if you do that, you will never take part in whatever vicious downside may come. No hard selloff has ever happened with the market over the 21 ema which is why its so important to me to always respect it.
Top Gainers From Friday’s Flow
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