SPY daily.
Hmm. Not good.
7 day pullback.
Down through the EMA 20.
Touch down to the EMA 50.
This trader has not, and will not check economics, reports, gurus, etc. Maybe later.
But, after the profit taking, short speculating, and no doubt some fear of heights, the bigs will look for places to park their considerable wealth. Stocks of course. Mag 7? I would not. I would buy value. Diversify of course. And shorter holding periods. Is short selling immoral? Ha ha. Nah, it is a normal market adjustment imo.
Opportunity knocks, if you can put a stake together.
Is that a pep talk? Nah, just my read, as a disloyal stock picker.
By the way, you did it, BnB.24.7. Well done.
Charts posted are not recommendations. They are just a sharing of information.