Futures are pushing higher with tech leading the charge, but Bitcoin sitting at Crypto Extreme Fear (21) while gold hits $4,794 tells me this rally has some cracks worth respecting.
Overnight action was constructive on the surface. SPX $6,886 is the number to watch at the open — that's where we're printing right now with a +1.02% overnight move. Tech ripped +2.10% and finance followed at +1.75%, which is the kind of sector rotation I want to see if this rally is going to hold. Utilities getting smacked -1.21% while risk-on sectors lead? That's a legit risk-on signal, not noise.
But I'm not piling in blind. Crude dumping -3.38% to $95.73 is telling me something about global demand expectations that doesn't square with a clean breakout narrative. DXY sliding to 98.028 is helping gold — now at $4,794 — and silver is absolutely screaming at +2.69% to $77.70. My silver position is working hard right now and I'm not touching it.
The crypto picture is the one keeping me cautious on aggressive risk. Crypto Fear & Greed at 21 (Extreme Fear) with Bitcoin at
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Going into the open I'm holding my gold, silver, and BTC positions unchanged. No new small-cap trades until the scanner gives me a real setup with RVOL >3x and clean structure.