7/3/25 Recap

The SPY continues the strong drift higher, the most amazing part to me isn’t the move higher but the distance between where we are at 625 and where the 21 ema is at 605.94, it isn’t often we stay this extended from the month long moving average but we’ve done it for a few days now, this is very impressive and I do think we will have a period of sideways somewhere soon at least so the 8 ema can catch up. We have a long weekend coming up with a half day today and no market tomorrow, so nothing to really discuss until we come back monday but like I said it isn’t a common occurrence to stay this extended from the 21.

My Open Book