$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Roundhill Magnificent Seven ETF(MAGS)$ $Tesla Motors(TSLA)$ 🚨📈🔥 Mayday or May Win? Why This Rally Might Defy the Bears 🔥📈🚨

Tom DeMark just rang the alarm, claiming the S&P 500 rally is on borrowed time. But judging by today’s setup, it looks like the bulls didn’t get that memo.

🧠 Here’s the real story:

While everyone is pointing out head and shoulders patterns and predicting doom, the S&P has already reclaimed the golden 0.618 Fib level (5,675.89), and is hovering near 5,690. This is the exact zone that historically flips market psychology from caution to conviction. A breakout here, and we’re staring down 6,127 as the next major Fibonacci target.

🟢 Today’s SPY order flow told a different tale:

• Calls surged with $3.08M in premium

• Puts lagged behind with $873.97K net outflow

• Underlying SPY closed near $567, showing strength into the power hour

That’s a $2 million plus advantage to call buyers intraday, and that’s without even mentioning the steep intraday VIX fade.

⚠️ And while the bears point at DeMark’s countdowns, remember this: 0DTE traders are fuelling upside liquidity grabs before any “stall” appears. We could see a final VIX pop to 23.71 or 25 as one last scare tactic, before May turns into the breakout month of the year.

📊 Technical Note:

That blue bull flag pattern on the weekly is textbook. If it resolves higher, August could be where bears go extinct.

Hey Tiger Traders, is this the start of a stealth rally disguised as distribution, or a distribution cleverly disguised as a breakout?

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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀