Next Day Prep #277: Market Rally or False Start? The SpaceX Effect & Cautious Verdict – Friday 6/12/2026

Despite a market rally and strong breadth data, the regime remains Cautious as liquidity siphoned by the SpaceX IPO dampened mega-cap tech. We analyze the disconnect between the Bull/Bear gauge and market reality, highlighting the ‘beat and fall’ of Adobe and the rotation into cyclical leaders like Mosaic.

The post Next Day Prep #277: Market Rally or False Start? The SpaceX Effect & Cautious Verdict – Friday 6/12/2026 first appeared on WaveRider Markets.