Technical setup warns of fading rally in major indexes.
$SPY – Caution: This Bounce Lacks Conviction
The current rebound appears to be a classic oversold bounce, which historically struggles to hold. Such rallies often lose steam quickly, giving way to renewed selling pressure.
Based on prevailing technical and macro indicators, we…
— optionGeek (@StockShark16) August 4, 2025
🚨 BREAKING: MANUFACTURING NOT COMING BACK.
-US JUNE DURABLE GOODS ORDERS FALL 9.4%
-US JUNE FACTORY ORDERS FALL 4.8%
— Maine (@TheMaineWonk) August 4, 2025
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