Not Much Has Changed
Nothing has really changed just because we had a wee bounce today as Supreme Court heard arguments on Trump’s Tariffs.
USD stayed firm with 10Y yields.
USDJPY bounced which was nice intervention for NDX.
Futures were bought. Thank you Plunge Protection Team!
Breadth stayed weak as my Net Buying indicator bounced off its 10W, as expected.
SPX tagged its 21D and bounced into 6807 as set up this morning live. Then, if you will notice, it crapped out EOD and closed back below.
SPX < 6764 sees 6749.53 with potential for 100pt dump into ~6650 (where futures printed last night).