6/3/26 Recap

The SPY is pulling back into the 8 ema with oil and the vix up. Nothing too concerning as of now, but something to keep an eye on. We still have no resolution on Iran, you have oil executives saying oil is about to rise 50%, meanwhile Trump says everything is under control and inflation is minimal. Who knows what’s coming but these moving averages will tell you the truth, the next time we lose that 8 ema lighten up and if/when we lose that 21 ema really lighten up. Until then the rest of this back and forth on the war is just noise. Watch this 753.67 level for today, you don’t want to see a close below it if you’re a bull.

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