$SPY opening right at key s/r

$SPY opening right at key s/r flip of 540.

I certainly won’t be chasing this move.

Reminder Bessent is being rolled out for a “Statement on the financial system”. It’s hard to think it won’t be anything but sunshine and rainbows, as he’s basically been acting a second Fed chair to Powell.

Trump speaks again today after market close.

Big congrats if you swung a long position, just make sure you remember, none of that money is yours unless you take it to your account.

Good luck today

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