Bubba and I are back — and the market picked one hell of a day for it. Here’s what we got into:
The jobs report that broke logic. U.S. jobs soared 172,000 in May, smashing estimates — and the market puked anyway. Trump raged at the reaction on social media while the Nasdaq bled 3%. We break down why this is the perfect proof of what we preach every stream: the news is worthless. Trade the chart.
Everything is blood. Crude hammered. Gold hammered. Copper stocks down 9%. The Qs down 3.5%. After nine straight weeks of grind-up, this is the first real break in the indices — and the first daily support loss I’ve had on my charts in a long time.
Bubba’s truth bomb on unemployment. Why the official 4.3% number is built on the U3 survey that rolls people off after three months — and why the U6 reading puts the real number closer to 8-10%. Wendy’s closing 350 stores. Meta cutting 14,000 jobs and openings. Do the math.
The Bitcoin tell. Bitcoin leads the ES by two to three weeks — and it topped right where we called it. We talk the 82,500 short and why 45K could be on deck.
My SPX roadmap. The 7412 actionable spot, why 7353 is the trapdoor to 7200 — and below that, nothing until the 6940s. The level Bubba and I have been stalking for months is finally in range.
Radical honesty on a red day. I gave back $600 today after a $9,800 Wednesday. Bubba’s Market Mavericks room just posted its first losing week in two years. We talk about what losing actually means when your process is sound — and why “I want to make $500 a day” is the mindset that kills traders.
This is the rawest one we’ve done. Hit play.
Until next time—trade smart, stay prepared, and together we will conquer these markets!
Ryan Bailey, VICI Trading Solutions.
