Tech ripped +2.86% to close out Q2 strong, but Bitcoin's -2.47% drop with Crypto Fear & Greed at 15 is a problem I'm not ignoring. Here's how the day graded out and what I'm setting up for tomorrow.
Q2 closes with SPX at $7,498.79 — that's a solid finish on the surface, but the divergence between tech euphoria and everything else tells me this rally is narrower than the headline number suggests. REITs down -1.95%, Health down -1.23%, Energy off -0.85% — that's not a broad-based bid, that's a rotation into mega-cap tech to dress up quarter-end books.
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Gold is holding and I'm not touching it — flat day, no reason to adjust, stop stays at $3,980. Silver's +2.00% move to $59.81 is encouraging; I added a small position into the close and I'll let it breathe. BTC is the problem child — I trimmed 20% of my position today when it failed to reclaim $60,000 in the morning session. That was the right call. If it breaks $56,000 I'm cutting another 30%. Day-trade sizing stays at half normal risk tomorrow — the Fear & Greed stock index at 31 combined with quarter-end window dressing distortion means I'm not trusting the tape until I see how institutional flows settle in the first hour of Q3.