5/15/26 Recap
The SPY gapped down big but look at the chart below, so far it has been a textbook 8 ema touch and bounce. We still haven’t broken anything major and this was part of why I said yesterday I was starting to take some things off. We are so overdone I don’t even know what to say, but again, nothing really matters just the flow of money. If news mattered then the hottest PPI print in years, oil over 100, etc would be pressuring the market but right now there are simply more buyers than sellers and we keep riding the moving averages higher. Keep riding the wave up here but you don’t have to pig out and be on max leverage with us at all time highs basically and still well over the 21 ema. Just be a little cautious here and keep your eye on that 8 ema, you don’t want to see a close below that because when we get it, the next stop is that 21 ema just over 720.
Top Gainers From Yesterday’s Flow
My Open Book
Trades I Made Today
