Another thing I’d like to point out is that we have FOMC coming up on June 18th. The market sold off today because the jobs report came in stronger than expected. In a normal environment, strong jobs data would be viewed as a positive. But right now, good news becomes bad news because strong economic data gives the Fed less reason to cut rates. That’s why we saw pressure on growth and tech names today. The market’s immediate reaction was essentially. “Strong jobs is a less chance of rate cuts.” Personally, I think the market may be misreading what’s coming. I still believe there’s a reasonable chance we see cuts sooner than most expect. Whether that’s June or shortly after, I think the Fed is much closer to easing than the market currently believes. What makes me pay attention isn’t my opinion. It’s the positioning. Over the last several weeks we’ve seen a substantial amount of unusual call buying across many of the names we’re tracking. More importantly, after those purchases occurred, volume largely disappeared while open interest remained elevated. That tells me these positions are still being held. The whales haven’t left. Combine that with what we’re seeing from the signals. Monthly Signal Line: Bullish. Weekly Signal Line: Bullish. SuperTrend: Bullish. Confirmed unusual flow is bullish That’s a lot of evidence pointing in the same direction. But when I step back and look at the bigger picture, I still see institutions positioning for higher prices into the second half of June and into July. That’s why I’m staying patient. One red day doesn’t invalidate bullish signals. One jobs report doesn’t invalidate bullish signals. One headline doesn’t invalidate bullish signals. The signals remain bullish. The unusual flow remains bullish. The whales appear to still be in. Until those things change, I’m staying focused on the bigger picture and not getting shaken out by short term noise. THANK YOU FOR YOUR ATTENTION TO THIS MATTER! — TJ #SP500 #SPY #QQQ #TSLA #PLTR #NVDA #AAPL #Bitcoin #Crypto #stockmarket