📈 Market BOUNCE!?

Is yesterday's buying poised to continue?

Market Bounce

Yesterday we saw our first day of net buying since the Trump administration released its tariff plans, causing the market to tank.

Looking at the S&P 500 Futures with Fibonacci levels, what transpired is pretty clear:

We tested and held the lows multiple times yesterday. We broke out on erroneous news that there was potential for tariffs to be postponed for 90 days. Once that news was refuted, we held the 50% level for the day which was crucial.

As for the fake news - it is very encouraging the way we absolutely ripped once the news broke, regardless of its accuracy. It tells you what is going to happen in the market once tariffs are resolved. It is also impressive the way we held the 50% level even after the news was confirmed to be false.

The overall buying volume we saw yesterday was extremely noteworthy. This clearly wasn’t just retail hoping for a bounce. Institutions bought the market for the first time since the major sell-off.

There’s a ton to go over - watch this video for an in-depth breakdown of what’s happening right now: