SPX is holding above $7,395 on tech strength, but the divergence with financials and health is a red flag. ATRA up 93% on a tiny float — here's how I'm thinking about the afternoon.
Morning session played out cleaner than I expected — tech ripping +2.6% is doing all the heavy lifting while financials and health drag. The tape has a bifurcated character right now, and that usually means power hour goes one of two ways: broad catch-up or tech fades to meet the laggards. I'm leaning catch-up, but I'm not married to it.
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Fear & Greed at 68 (Greed) on equities, but crypto Fear & Greed sitting at 38 (Fear) while BTC is flat near $79,800 — that divergence keeps me from adding Bitcoin today. My gold position is full size and I'm not touching it. For day trades, I'm at half size until SPX either reclaims $7,400 convincingly or breaks $7,350. Into power hour, I'm watching ATRA for a flag setup above $9.50 and FSLY for a dead-cat bounce to fade. One trade, clean setup, disciplined size.