sp'60min
Summary
Well, today was a pretty dynamic day, opening with minor gains, a significant reversal, with a morning low of sp'2044.
The afternoon price action was a rather severe short-stop cascade swinging from 2062 to 2081 in just 40mins.
All things considered, we very likely have a key multi-week floor of 2044.. and now look set to push back into the 2100s.
Whether we make new historic highs into early August.. difficult to say. What I do say with confidence is that the market looks set for some 'problems' in Sept/Oct.
*I remain seeking to go long INTC... will assess tomorrow morning.. around 11am.
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more later... on the VIX