I think this gap on $SPDR S&P 500 ETF Trust(SPY)$ is worth talking about now. There's a real possibility it gets filled within the next few days. The gap itself isn't too large, but the market usually likes to fill these before heading higher in an uptrend. That's not always how it plays out, but based on what we've seen on SPY recently, the likelihood of this gap being filled seems pretty possible.
Here it is. $Intel(INTC)$ had $40M in FTDs in a single day. Yesterday and today are among those days. I believe it, and I'll prove it on September 15th.
$Eversource(ES)$ On the 1-hour chart, the market has been riding descending support. A close above the 20 SMA at 7729, with that level turning into support, would be the point where the reversal starts. $SPDR S&P 500 ETF Trust(SPY)$ SPX
$SPDR S&P 500 ETF Trust(SPY)$ USAEquityResearch is at 767.45, down 0.68%. The overall trend still looks bullish, but RSI is at 77.2, so it is overbought and extended enough that some caution makes sense. MACD remains bullish, above the signal line and rising, with volume in a normal range. Key levels to watch: resistance at 777.88, support at 729.46, 20-MA at 758.68, and 50-MA at 749.53.
$SPDR S&P 500 ETF Trust(SPY)$ It needs to make a higher high above 767.87, but it just made a lower high. It has to break that 60-minute lower ORB at 767.90, which is tough resistance. Here's a higher high... BOOM!
$SPDR S&P 500 ETF Trust(SPY)$ Simple question. Why is the market near all-time highs while bonds are also near all-time highs? I thought these two were supposed to move in opposite directions. How are both of them near ATH at the same time?
$Rum Group Inc(RUM)$ I also forgot that VP JD Vance has 10% of his portfolio in RUM. It feels pretty likely that a cloud contract with the US government is on the way, similar to $Axon Enterprise, Inc.(AXON)$ and INTC.