Category: Notes

Notes are short. Two paragraphs, sometimes three. They show up when something on the screen warrants a sentence — a print that doesn’t match the narrative, a structure that’s been holding for longer than it should, a level that the order book keeps defending. Not a thesis. Not a recommendation. Just the observation, with enough…

SPY is still in can’t stop won’t stop mode with another green day yesterday and what is looking like a gap up this morning. At least as of now On the daily, we still have the POC way below us, but this market only really cares about liquidity at this point, and with the FED…