still true.

ATHs made during the overnight session always get retested.

But, every all time high in history (aside from the last one) has also eventually been retested.

Short the $META beat
Long the slow growth stagflation print.

Easy.

$ES - 5037.50-5040.75 will be a key decision point.

I think it's easy to put narratives into a box and tunnel vision ourselves into thinking that markets work in a binary fashion. However, the reality is that behavioral dynamics will always drive prices.

For both of these companies, there was a bigger picture unfolding over the

$ES - stick save

$NQ quickly realizing after gapping up that it's a tech index, not a car dealership index.

$NQ - weekly stuffed at the higher timeframe LVN and red zone. This might conclude our bounce phase if buyers don't step in quickly.

Aggressive buyer in $NQ buying like they may never see these prices again.

Passive seller selling for the same reason.

Hyundai owns Boston Dynamics, an actual robotics company. Trades at a p/e of 3 and has a fat dividend if you’re into that sort of thing.

So much commentary over a struggling car company.

$ES - from the 'context' section of today's morning plan.

We were looking for a higher low to start the week in the Weekly Market Outlook. Yesterday gave the perfect profile to manage risk for upside.

Might be a little gas in the tank to the upside, but I wouldn't chase.

$ES Unbound Signals today - we were looking for longs and some resistance at 5083-5085. Worked out well and market is accepting these higher prices for now.

1pm 2-year auction will likely give some signals.

The exit is more important than the entry. Aaron Rentfrew 🏔🏜🌋🏕