Trump’s tariff “exemption giveaway” triggered another gap-up… but SPX didn’t bite.
5400/5425 rejected again – textbook bearish fade from our pre-watched level.
GEX confirms resistance; ADD remains at bullish extreme, hinting more downside ahead.
Also forming: a rising wedge / consolidation – one of our 6 money-making patterns.
Short-dated expirations still preferred given overnight swing madness.
Futures are dead flat heading into the open – likely means more range, not relief.
Bottom line? Still bearish below 5400. Process > Panic.
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