7/10/26 Recap

The SPY continues along within its uptrend, this morning we pulled back and tested the 8 ema and bounced, the support from buyers is immense. The weekends are always tough with this Iran conflict because you never know what will happen and the market did sell off on the post from Trump this morning but overall I trust he won’t do anything too reckless before midterms so I’m not too concerned. Oil and the vix would be going nuts if they too believed he was about to do something big but they’re both red today. Bank earnings start next week and that will get earnings season going. I still would like to see us push over the June 16 level here and end this series of lower highs but as long as we’re over the 50 day, we’re ok.

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