The morning session is a tale of two tapes: energy and metals are running while consumer and health are getting hit. SPX is struggling, and the scanner is quiet — here's where I'm focused into power hour.
Morning was messier than I wanted. SPX opened soft and never found conviction — it's sitting at $7,686 down 0.28% while Bitcoin is up over 4% and silver is screaming +4.36%. The divergence between equities and commodities is loud right now and you have to respect it.
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I trimmed my SPX long from yesterday into this morning's weakness — glad I did. Still holding my gold position with a stop at $4,510, no additions until I see how the close shapes up. Silver's move today is validating the metals trade. BTC at $72,192 with Crypto Fear & Greed at 62 — I'm holding my core BTC position but not adding here, the move feels extended intraday. Into power hour I'm watching RERE for a short entry on the bounce and keeping SPX exposure light until $7,650 holds or breaks cleanly.
Not financial advice. Everything here is personal opinion and commentary on public market data. Do your own research.
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