6/30/25 Recap
The SPY hit new all time highs again today but we are getting pretty extended here, the 21 ema is 3% lower at 600 but we are about to see a golden cross on the daily here with the 50 crossing through the 200 tomorrow. This is a bull market but we likely need to consolidate a tad here and let this 21 ema catch up. With today being the last day of the quarter you will likely see some crazy moves later in the afternoon, I wouldn’t think too much of anything and just keep focused on what’s coming. Barring some Trump ramp in tariffs or some bad economic data emerging, this market looks set to rise much more. I will simply be riding this trend hard until we lose that 21 day, no complex macro analysis from me ever.
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