8/12/25 Recap

The SPY broke out to new highs today, the VIX is plunging into the abyss and people waiting on the sidelines are getting serious FOMO. This market is something else right now and oddly enough Trump was on Truth Social this morning upset that Powell wasn’t doing enough and he wants to sue him. This has been a wild ride since April but new highs today isn’t bearish in any way. As traders the focus is on chart and flows, we’re in a firm uptrend there really isn’t anything to be said, that 1 day move below the 21 ema 8 days back was quite the fake out but if you got back long the next day you’ve been fine. The reality is you have to view the 21 as a last line in the sand, set your stops on a close below it and set your longs on a reclaim of it and you’ll always be involved in the current trend. You will miss very little being prudent and taking caution when that 21 is lost.

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