6/22/26 Recap

The SPY continues to test the 21 ema daily, 3 sessions in a row now, but we keep holding. Until we close below that light blue line, this is technically an uptrend although it could also be lower highs if we don’t turn up and go over the recent 760.4 level. Google getting smashed today along with Amazon is not helping things at all, those are 10% of the market combined. Other megacaps like Meta and Microsoft continue to be a disaster and it is honestly shocking how resilient this market is without nearly 1/3 of it participating at all with the Mag 7 lagging all year. The Iran war situation, who knows at this point, it is a constant back and forth but it is pretty clear Trump is focused on whatever keeps this market elevated into midterms in 4.5 months.

My Open Book

Trades I Made Today