Jim
2026.07.02 18:05

$SPY Hard to Say But.....

$760 Blow Off Top.....

Distribution.....

Break of Structure Below 21 EMA

Then Island TOP Reversal.....

Break of Structure Below 21 EMA

Pump into LOWER High.....

Back below 21 EMA

Not Sexy Overall....

The Rotation or Chip Sell Off in Q3 is Nasty and Asia Pumping on Margin/Leverage is Creating a Vegas Roulette Wheel Dynamic for now.

We need stability and Calm Next Week.

Expect Asia Throws Up Tomorrow while we are on Wall Street Holiday.

NFA

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