
Friday’s $SPX shooting star at fresh ATHs wasn’t just noise — bears showed up today and took it down ~0.4% into the close around 7200. That long upper wick + follow-through red candle is the kind of exhaustion signal that makes you pause. Line in the sand ~7175-7190 holding or breaking this week will tell us if it’s a healthy shakeout or the start of something meatier. In this environment (Iran noise, stretched valuations, AI hype still running), idle cash is still getting buried by inflation — but chasing tops without confirmation is how real capital gets buried too. Watching closely. Not bearish yet, just not blindly bullish either. What line are you watching?


























