S&P futures are up over 1% with Tech leading at +2.20%. Here's what I'm watching on the long and short side before the bell rings.
Futures are looking strong this morning with SPX at $7,137.90, up 1.05% overnight. Tech is the clear leader at +2.20% and that's where the momentum is concentrated — Finance, Industrials, and REITs are all in the red, which tells me this isn't a broad risk-on move, it's a rotation into growth names. The Fear & Greed Index sitting at 68 (Greed) means we're not in panic territory, but we're also not euphoric enough for me to fade this rally yet. I'm not chasing the open blind — I want to see the first 15 minutes before committing size.
Crypto Fear & Greed at 46 tells its own story. Bitcoin at $77,676 is bleeding slightly while equities rip, which is a divergence I'm not ignoring. I'm holding my BTC position but not adding here.
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No major economic data hitting this morning that I'm aware of, so price action should be cleaner than usual. I'm going into the open long SPX exposure through my index positions, neutral on gold and silver after silver's -2.48% drop, and keeping powder dry on the small-caps until I see how NMAX handles the first red candle.