TMAD Update: SPX Levels and June weakness

$SPX

Hi everyone,

After a very strong May rally with almost no retests, the new month may bring a shift in sentiment. As mentioned previously, we expected weakness in June, and the hedges we opened yesterday seem perfectly timed.

While the shift we are seeing today suggests the market might be transitioning, one day does not make a trend; we will need to see more evidence before determining if this is a major pullback, though the early signs are present. Bearish sentiment is beginning to grow, so stay alert.

We will be monitoring these three main indicators to decide how to manage our open trades: