S&P500 trading

Good morning, today is a day of downward movement, therefore from the opening of shorts, right up until the closing of the American session.

https://media.discordapp.net/attachm...39&height=1060

Damnn... NVDA and AAPL are basically holding the entire index psychology together right now. Meanwhile AMD, MU, AVGO, INTC and a bunch of chip names are already rolling over pretty hard. This kind of concentration always makes me uncomfortable because the S&P headline starts hiding what’s actually happening underneath.
It's more like a broad risk-on rally and more like money crowding into a few survivors.

US30 respected the zone perfectly today.
Missed my MT5 entry by just 2 points… then watched price move exactly as planned
No revenge trading. No emotional execution. Just discipline and respect for the plan.
Sometimes the market rewards analysis, other times it tests patience. Both are part of becoming a consistently profitable trader.

$SPY $QQQ $XAUUSD faith of equities and precious metals here now $DXY

Winds of change--opinion --2 cents React 2 markET Condition$

7442 Make or break one spike and then Drop in to !!

E mini Flower of life with SMC/ICT --!!

Fusion all in one AI astro an Tech !

GDP and Core PCE tomorrow...anything could happen.
Zooming out, a continued move down short term would be a "healthy" correction....anything could happen.
Tech Sector and Semis should pop tomorrow (MU Earnings beat), but besides that, money has been flowing out of tech this past week...anything could happen.

Weekly RSI < 65.
Daily RSI = 50.
2s10s & 10s3m has been steadily narrowing for the past month (05/22-06/24).
Fear & Greed Index (CNN) < 30.

I am low-conviction bearish in the short term.

CORE PCE Index m/m, increased from last month.
GDP q/q showing signs of growth.
Market expectation/speculation is prices, i.e inflation, to come down with the Strait of Hormuz Open. The implication being higher inflation was led by higher oil/energy costs during the Iran conflict/war.
Fear is still high ("low" rating on the CNN F&G index.)
So far this week, looks like ES mini-futures, SPX and/or SPY is resting on the 50-MA as support after a sharp decline in price starting on 06/15.
Next Week, Fed Chairman Darsh speaks/participates at the ECB Forum on Central Banking. Flagged as a high impact event, however I doubt any relevant or new information comes from it...
More relevant will be manufacturing numbers (07/01,) and unemployment numbers (07/02.)

/I am leaning neutral or no position until there is a significant breakout one way or another, above 06/04 high or below 06/09 low. There are more opportunities in other markets, including FX (USD steadily climbing if not ripping higher) and individual equities within the broader US stock market (earnings season begins in about 2-3weeks.) If the "worst" is truly over with Iran, then I do expect the broader markets to rip

ViX and USD still up there. Liquidity is slowing tightening. Going to be a volatile quarter ahead.

Neo and other indicator maths Low nodes and high Nodes will add planets and VIX toonext week

I have faith in earnings from late July to early September.
It's the only hope for a positive catalyst.
Macro indicators look dismal otherwise, imho, unless you are bullish on USD.

Volatility, if not outright uncertainty, is the only constant.

9 and 9 and 13 Tom De Mark Sequential and volume nodes and distribution

So --7492ish can be tough

7492ish might be tough but if we take average daily move, we can reach it today.
But for that we need to start trading above 7460 level