5/22/26 Recap
The SPY continues higher towards new all time highs. The other day we broke the 8 ema that was a sign to be cautious but until we lose that 21 ema below it, you’re always still in an uptrend. Here we are 3 sessions later back over the 8 day, having never even tested the 21 and pushing into the long 3 day weekend ahead. We still could have a very ugly monday night if there is no deal and oil turns around and spikes higher but if you believe Trump he says the deal is this weekend, so much so he might even skip his sons wedding. The VIX is 16, oil is sub 100, the market is on cruise control right now. There really isn’t much for me to add just look at the chart, you sort of just ride along until the next time that 21 ema breaks and then you lighten up.
As for the database updates, we’re aiming to have them all out by market open on tuesday, but if not, worst case sometime next week. Even once its out I’m sure you all will catch things that we missed and we’ll have to fine tune it, but I think the best option is to put it out as soon as possible and let you all mess around with it and find what we need to fix.
Top Gainers From Yesterday’s Flow
My Open Book
Trades I Made Today
