S&P 500 Inside Day after another TACO trade
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UPGRADEAfter Friday's 2.7% tariff-induced S&P 500 crash and Monday's 1.3% recovery, traders are asking if it's safe to re-enter the market. Monday's "inside day" pattern—where the entire session traded within Friday's range—signals market indecision despite the fierce bounce.
With Trump's November 1 China tariff deadline looming and conflicting signals between AI bubble fears and the longest rally without a 6% correction since 1966, the market sits at a critical inflection point. Clay Webster reveals the exact price levels: a close above 6,762 signals continuation, while a break below 6,550 over the next three weeks means move to the sidelines.
After Friday's 2.7% tariff-induced S&P 500 crash and Monday's 1.3% recovery, traders are asking if it's safe to re-enter the market. Monday's "inside day" pattern—where the entire session traded within Friday's range—signals market indecision despite the fierce bounce.
With Trump's November 1 China tariff deadline looming and conflicting signals between AI bubble fears and the longest rally without a 6% correction since 1966, the market sits at a critical inflection point. Clay Webster reveals the exact price levels: a close above 6,762 signals continuation, while a break below 6,550 over the next three weeks means move to the sidelines.
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