Tonight’s market is a master class in hidden stress. Calm on the surface, boxed-in at every major level, but event risk, receding participation, and pressure at support are building.
The open question is whether a catalyst breaks things open from the majors, or weakness thins out the alts before anything bigger can move. When the turn comes, compression guarantees the release won’t be small. The lull never lasts forever, and the tension entering tomorrow is only getting heavier.