US equities are set to close significantly higher for the second consecutive trading day. With price structure of a baby bull flag, there is threat of a Tuesday gap above resistance at the sp'2100 threshold.. opening up marginal new historic highs (in some, but certainly not all indexes) into early August.
sp'60min
VIX weekly'2
Summary
*VIX is really getting ground lower today.. pretty amazing to see the 14s... having hit 20.05 last Thursday.
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An interesting.. if somewhat subdued start to the week.
Right now... there seems ZERO point in being short.
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notable strength: tech, AAPL +1.8% in the $125s
