6/27/25 Recap

The SPY hit new highs today this incredible move continues, the 21 day has moved up to 600 where that gap from 4 days back is and there isn’t much to say here new highs are not bearish. Although the VIX was rising all session long to nearly flat alongside the market which was odd and usually a sign of caution as the VIX should be falling as equities are rising. So some caution is warranted in that regard, for now I think put sales into the 600 gap are fine and you can see the 50(yellow) is about to crossover the 200(green) early next week which is the “golden cross” you always hear about. Things are looking good right now after the war fears went away. All you do here is keep moving your stops up until we close under that 21 ema and you’ll be fine.

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