SPX is down 0.85% and COMMS/TECH are the drain. Crude ripping +2.67% while gold holds $4,000 — the tape is rotating, not collapsing, but the scanner is nearly dead.
Morning came in heavy and it stayed heavy. Tech down 1.73%, COMMS down 1.91%, and SPX sitting at $7,470 with no real bounce attempt — that tells me sellers are in control through midday and I'm not fighting it.
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Fear & Greed at 39 (Fear) and crypto at 27 (Fear) — BTC at $62,902 is grinding lower and I'm not adding there. Gold long is working; I'm holding through any test of $4,000 with a stop just under $3,975. Scanner printed zero qualified tickers out of 438 — that's the tape telling me something. Day trade size is reduced to 40% of normal. If SPX can't reclaim $7,500 by 3:30pm, I'm carrying no overnight longs in tech or consumer. Watching the energy-crude divergence for a possible XLE scalp in the last hour.