Today, I have seen numerous insightful comments from truly intelligent individuals whom I respect regarding tariffs, the markets, and what lies ahead.
I am not interested in any single one of those comments on their own.
What interests me is how price action reflects a consensus formed by all of those voices, based on how they position themselves in the markets.
The clear message conveyed by price action is one of indecision and a lack of trust.
We remain below a declining 5 SMA, which signals to me that it is not yet safe to buy—at least not within my preferred timeframe.
Only Price Pays™
30 Minute timeframe $SPY $QQQ $SMH $IWM
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