Short term conditions : VXN momentum reversal Reversal on Discretionary v Staples Pullback of NDQ Breadth Dollar bounce off 50MA support
Good for a short term consolidation into August 10 CPI Readings. Expectation for inflation top to be confirmed and provide enough momentum to break neckline on Inverse hs on QQQs for a run to 340 Looking to re-position long between 12000-12500