SPX closed at $7,511 with tech leading the selloff and crude oil getting crushed nearly 4%. Finance and industrials were the only real green on the board — here's how I'm grading the session.
Rough tape today. Tech bled out -2.68% and crude dropped nearly 4% — that combination usually signals risk-off rotation, and that's exactly what we got. Finance at +1.41% and industrials at +0.65% absorbed some of the damage, but SPX still closed down at $7,511.59 and the session had a defensive, defensive feel all day.
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I'll give today a C+. RRGB and NMRA were flagged early and both ran — that's a win on the scanner side. I didn't take NMRA because the float was too heavy for my liking at the open, which was the right call given the chop. Gold holding at $4,360 keeps my bullion position intact — I'm not touching it. BTC at $65,557 with Extreme Fear is actually where I start watching for a small add, but I'm not pulling the trigger until I see $63K hold with a bounce candle. Reducing tech exposure heading into tomorrow given the -2.68% close. First action tomorrow: watch RRGB at the open and see if $5.70 offers a clean entry.