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Piggo's Trading Desk
@piggostradingdesk · Short-term pressure
Reference SPY ($778.57)
The combination of elevated borrowing costs, stretched valuations, geopolitical uncertainty, and concentrated leadership increases the probability of continued sector rotation and short-term pullbacks rather than uninterrupted market advances.
No ticker named
Graded on the SPY, QQQ, and DIA average, plus VIX.
Posted Wednesday, October 7 at 7:18 PM ET inside the collect window.
- Fri ref778.57
- Mon open778.78
- Mon noon778.77
- Wed close769.60
- Fri close763.25
Weekend reference is the prior Friday Yahoo Finance regular-session close for SPY, QQQ, DIA, and VIX. Monday's gap uses the regular-session open. Monday noon is the open of the 12:00 PM ET 5-minute bar. Wednesday and Friday use the official daily close (4:00 PM ET, or 1:00 PM ET on an early close). A closed session or a close that is not due yet is left blank.