SPX Pushing Toward $7,000 — Here's My Game Plan for Wednesday

Overnight was quietly bullish. SPX at $6,967 is knocking on the door of $7,000 and that level matters — it's not just round number psychology, it's where I expect short-term sellers to show up first. Tech (+1.60%) and Consumer (+2.21%) are doing the heavy lifting, which tells me this isn't a rotation into defensives, it's genuine risk-on appetite. I'm not chasing the open. I want to see if $7,000 holds as resistance or flips to support within the first 30 minutes.

The crypto Fear & Greed sitting at 23 (Extreme Fear) while Bitcoin is only down slightly at $74,336 is actually a constructive divergence. Sentiment is crushed but price isn't collapsing. That's the kind of setup I accumulate into, not sell. I added to my BTC position last week and I'm holding. If we see a flush toward $71,500 today I'm buying more, not panicking.

Gold at $4,833 pulling back slightly after an enormous run doesn't concern me — it's digesting. Silver's -0.82% is worth noting but I'm not trimming my bullion positions on a sub-1% intraday move. Energy sector getting hit -2.03% despite crude up +0.62% is a disconnect I'm keeping my eye on. That kind of divergence usually resolves one way violently.