5/8/25 Recap

I have to head out so I’m sending this a little early. Overnight we got a tweet from President Trump saying that we had a trade deal in place with a well known country, that actually turned out to be the UK who we have a trade surplus with so I’m not sure what the big deal is but whatever, the market enjoyed the pump and we got a nice move up today. Nothing really significant as we’re basically back at monday levels and still stuck with the 200 day overhead and the 8 and 21 ema below. This isn’t a bad spot, its actually just nothing of note so until we pick a direction, we are just drifting in place going on 6 sessions now. VIX futures continue to fade down almost 4% which is good to see and is another sign that fears are subsiding. Overall this has just been a textbook move up one we took out that downtrend back on 4/23.

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