7/22/25 Recap

The SPY tested the 8 ema today and so far has bounced, we need to see where this goes into the close but for now we just continue riding this up. The 21 ema is now coming into 620 just 1% lower, so a very normal -1.5% day and we would be breaking down. Tech seems to be the weak spot today with semis especially weak after that torrid run they had with NVDA and AMD leading to the downside. It’s hard to say much more in these mid day recaps because there is so much time left in the days session, all we can do is wait for the close but this trend has been very strong for well over a month now.

Also I wanted to say again I will never DM you on substack or discord unless you DM me, I’ve heard there are multiple bots posing as me DM’ing you, I would say for starters everyone should turn off dm’s or change the settings to only let friends DM you and then just ignore these bots. I have no way of controlling them because they’re not actually inside the discord, clearly they have another account in the discord that shows them who is in there and they’re using that info to phish you but I will not ever message you first.

My Open Book