5/30/25 Recap

The SPY with an interesting candle so far, we’re basically where we opened 2 hours in. We sold off hard early on the Truth Social post from Trump saying he wasn’t happy with China and their actions recently. Go figure, everyone knew something was coming after that reporter called Donald a chicken 2 days ago. Fortunately, it doesn’t look like the market really cares much anymore about the tariffs. 587.28 is the 8 ema today and we want to see a close over that, a close below that would be a sign of weakness into the weekend. These periods after all the megacaps have reported is usually a lull anyways and we really have no catalysts here until earnings season in July. Combine all that with us coming off a month where the market was up 6% in June and a period of cooling seems probable as we’ve gone sideways for almost 3 weeks now.

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