Today was a good high in ES. Tomorrow OPEX may be more important at this level. Watch the OR’s tomorrow. If we open inside the yearly OR and fail I will be short. If we rally above it will be long. I cannot stress the importance of 5949-5967 for a all new leg up to ATH of 6166 ok our way to 6400 and 6592, or we start back down.
What are the chances that @deepseek_ai’s hedge fund affiliate made a fortune yesterday with short-dated puts on @nvidia, power companies, etc.? A fortune could have been made.
$VIX now down -40% in only 2 weeks. Daily RSI most oversold in 1 year.
Extremely bearish combination for the market.
$SPX remains below major resistances.
This is really hard to write but so many of you have loved and cared about Ben that I wanted to let you know. We found out today the cancer had spread throughout Bens organs and there was nothing left we could do-we had to let him go. I’ve had dogs my whole life but Ben was 1 on 1. He was smart-loving-gentle-patient-inquisitive-and welcoming to all. Always a big smile and a soft tail wag. He and I could communicate..he and I understood each other and had each others backs. He was with me more than anyone at home and traveling with me for work. Such an easy going companion. Hard day-but he will live within all of us forever. God please bless his majestic soul and thank you for putting him in my life for the last 10 years-a true blessing.
Love you Ben. 🙏🏼
S&P 500 surged 4.5% last week, but is it a recovery or just a dead-cat bounce?
Check out our Weekly Market Outlook for August 12-16 to find out what's ahead.
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