SPDR S&P 500 (SPY)

[risk on]

All techs say “up “, but yesterday made four days in a row traditional norms of S/R and candle forms were violated , so who’s to say at this point. Just when everything looks certain, the very next day, a complete judo flip. As far as spy not reacting to tariff news, and opting for the more rosey UE numbers, that too is a bit head scratching, because the UE report basically “ sealed the deal “ for a rate hike coming in two weeks, and I also thought the “ UE numbers are all phony fake made up, everyone knows it!”, at least that’s what the guy now proclaiming them said. I think Tariffs and trade threats w China outweigh a % number ( that’s meaning is not always what it seems ) , and an oversized letter from a ruthless authoratarion , the contents of which haven’t been revealed because it’s bunk, just like everything else that emanates from certain sources.

I think the reality trumps the fluff this week, as it were.