Next week large caps are going up, AMD, NVDA, AAPL, ROKU, MSFT and they will bring up indices. Sunday they will publish a bullshit and then at midnight miracle will happen, they will paint the futures.
QUANDRANTS
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@shkspr, I agree that mega cap runs here for a bit....
I've been trading both sides of VIX this year, net short (sans FMOC events then I'm neutral w/ both put/call straddles which are pure tiger blood when everyone & grandma throw money into spec russell garbage); VIX has been clinging to its historical seasonality, much better predictive trade than spotting when the SPY gaps down. I'm net long the VIX through my paper beginning ~mid July. But tech leads for bit IMO. SPX still showing a rolling correction, kills vol, pushes money into alternate sectors.
When everything is winning again, then I can see a @nobullshytrader0 top. The SPY could wave/lull here, churn sideways and burn a lot of technical players. SPY is a bloated lazy pig, difficult to squeeze profit out of regardless your direction. Sept./October could be proper sell off. Funds are on vacay, getting lit at the beach no face masks, collecting dividends. They'll dump their winners this fall and reposition for tapering when everyone gets back to work & school.
TequilaTrader
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Hain’t ya gon bruke yet? SPY gunna hit $400 and then run through July 4th.
Petergalaby
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You are only one see the chart like that . Can you fix the line support then you will see where we add
FUNSB
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The bogus Bull shit finally killed my puts after 9 months today... but I got in again by the last minutes......
Let's see some real face of values starting from next Monday! Bloody or Black whatever it will be called...
NVDA has also correspondingly demonstrated an excellent hammer reversal at its ATH... cannot be the even further perfect time to retire these BS at Mr. Buffett's indicator ridiculously at 233%...