6/5/25 Recap
The SPY had a nice reaction today to the news that Xi and President Trump spoke on the phone. We tested that 8 ema early in the session and it did its job as support and we have now bounced back to highs, as I said yesterday, there is just nothing to be bearish about until you see that 8 day broken on a closing basis. Let’s see how we react to the economic data tomorrow morning but for the time being the bulls are in control.
My Open Book
Trades Today
SLV - I sold 28.5 puts on this one in January, I’ll show you why in a chart below, but this had trades galore today. I mentioned Silver breaking out 2 days ago when I flagged those SILJ calls, it broke out today up over 4%. There is a nice gap at 28.5 I want to target but this is finally catching up to gold in the inflation trade
Keep reading with a 7-day free trial
Subscribe to The Running Of The Bulltards to keep reading this post and get 7 days of free access to the full post archives.