Market Update 👇

Over the weekend I think they’ll keep pushing the market higher
It’s the kind of move that pulls in late buyers, makes everything look bullish and builds that “we’re going straight up” narrative
But zooming out, this doesn’t look sustainable
A pullback is very likely coming right after most probably early next week
- Late longs get trapped
- liquidity gets taken
- the move resets before any real continuation.
I’m not chasing this upside here.
I’d rather stay patient and wait for that flush.
Also worth noting 👇
A big convoy of tankers is currently crossing the Strait of Hormuz
This is generally a positive signal for markets.