The SPY is pressing up against resistance right now but if it can push through this we can break all time highs which are less than 1% away. If not we’re going to stall out here and turn back lower. Today Trump spoke and mentioned he thought Iran and Israel would re-engage soon which the market would probably not like considering the big move we had monday on the ceasefire. This is going to be a tough market to trade here with the ramp in the war always potentially looming and no material trade deals signed yet. Just keep an open mind and for now, we’re ok hovering over the 21 day which is all the down at 596.
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