6/4/25 Recap

The SPY continues the slow grind higher, there isn’t much to say here that I haven’t said the last few days, this is just a clean uptrend riding the 8 ema higher. We’re over the highs from mid May now. As I said yesterday, nothing bearish for now and we got some bad ISM numbers but nothing seems to matter right now, there are alot of people on the sidelines who missed this entire rally back and I’m not so sure they’re going to get a chance to get back in short of Trump really ramping the trade war again. I think longer term put sales at 530 should be great with that huge gap down there. If that somehow fills, that’s where you want to go long anyways.

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