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I decided to launch my Substack earlier because I see Algos finally taking profits on SPY puts and VIX calls. This signals a major shift, indicating that a big buy signal is flashing.

Let’s recap last Friday’s price action:

The market hit its lowest point at SPX 5666 (SPY 565.63) before staging an impressive rebound, closing green at SPX 5770 (SPY 575.92). This strong recovery suggests that buyers stepped in aggressively, reinforcing the bullish momentum.