SPX flat overnight but Fear & Greed is at 25 (Extreme Fear) while crypto sits at 13. MEI is the standout mover at +37% premarket — here's how I'm playing today.
SPX is basically unchanged overnight at $7,357 but the Fear & Greed Index sitting at 25 (Extreme Fear) tells me the market is not as calm as the price action suggests — there's real anxiety under the surface. Crude getting crushed -3.48% to $69.42 while Industrials lead at +2.17% is a divergence I can't ignore. Consumer down -1.49% confirms the spending narrative is cracking.
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I'm holding my gold and BTC core positions through today — not adding at these levels until BTC confirms $58,000 as support. My index fund exposure stays untouched; I don't trade that on single-day fear reads. For day trades, I'm going in at half size given the Extreme Fear backdrop and the mixed sector tape. MEI is my primary focus at the open — I'm setting a limit alert at $17.00 and watching the 5-minute chart for a clean flag. If the first candle is a wide-range spike and dump, I'm sitting on my hands until it stabilizes. NUVB short is the secondary trade if the tape stays soft. No new swing positions today.