Every Pro Trader I Know Is Watching This.
Just a quick technical note to add to my previous SPY breadth idea -> lots and lots of my former colleagues are watching this megaphone play out right now, and depending on how the price action resolves it will likely confirm one of two narratives; either that we are due for another crash given the bleak macro picture, or that we will continue higher as the ISM's indicate improving business sentiment and a bottoming of fundamental COVID risks. Worth watching.
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