SPY still unsurprisingly opened lower today

Sure enough I know SPY better than anything The market opened slightly lower due to news about Trump’s proposed tariffs on the EU and Mexico but that weakness was quickly absorbed. We ended up seeing a classic low-open high-close reversal.

Buyers were active throughout the session — especially after 10:00 AM when you could clearly see money flowing in. Technically SPY is still holding within its ascending channel and the short-term moving averages are aligned in a bullish setup The trend remains strong

Even with external noise shaking up sentiment the bullish momentum still leads. Any short-term pullbacks are looking more like opportunities to get in not reasons to panic.