By all means, anything can happen come market open on Monday, April 7, 2025 — but for what it’s worth, this is what capitulation looks like. On Friday, April 4, 97 of the S&P 100 stocks closed in the red. Over 3.45 million contracts printed on /ES futures. Uncertainty remains thick, driven largely by current policy decisions.
Prudence is always the name of the game, and that’s especially true under these conditions. Short-term Treasuries have been a decent place to park capital for a while now.
All things considered, as long as positioning stays small, testing the waters here and there isn’t the most illogical move.