One More $SPX Update

I cannot guarantee a sharp reversal, but I will note that we’ve come within 0.3% of the fibs, which is close enough (this morning we were almost 0.6% away—too far). And on futures, it came even closer to its respective fib relationship. So, hopefully somewhere in here we find a top.

SPX

I like that the CPI was a beat, but was also still an absolute disaster at over 8%+. No way they can pivot here (I think). I also like that Elon sold into his worshipers. That’s got to a top lol


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