6/28/26 Recap

The SPY gapped up over the 21 ema and we’ll have to see where this closes today but this very well could have been a 1 day breakdown after 2 months to just shakeout alot of people. We have CPI coming up on the 10th and the Iran/Israel war seems to be picking up again. We need to keep an eye on the vix and oil to see how serious that is getting. Bulls would like to see us close over the 21 and slowly begin to reclaim the 8 ema overhead as we head into the big Space X ipo this friday. The close is the most important thing at the moment we don’t want to see repeat closes under the 21 where momentum starts building to the downside.

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