🤑 YEET: The Surge
What comes next?
💡The YEET 101
In Friday’s issue, we told you to watch for a bounce at 6541—and that is exactly what we got.
Futures just opened with another test of that exact level. Here is the play: if 6541 holds, the bullish bounce thesis is “all systems go” for a backtest at 6767.
Why? Backtests. The next logical place for them go to upward would be any missed backtest from recent price action or the next monthly level—6767 is the last level we plunged through without a proper backtest—that makes it first on deck.
The Surge: SPY Magic & Orange Swan (Plus a YOLO of the Day)
In YEET 7, we made a certain pick based on undeniable flow. For this round, we are looking at what the whales are whispering through the YEET Plus index filters—specifically SPY Magic and Orange Swan.