Getting there slowly and choppily
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So the range is 2479 as a long standing target to 2512 as a blow off into Aug. In any way, period from late July into Sep historically very difficult in the 7 year of the decade. So beware!
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Getting there, let's see ECB today
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On another note, minus DXY depreciation, SPX has done nothing, so for foreign unhedged investors has been one big nothing
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Pushing out of this triangle of a lower degree
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2479 target reached. Entering potentially a very dangerous period into Oct
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August what a treacherous month that is. The wickedest scenario is market to make a sharp 1/2% move higher/blow off and then downstairs avalanche. Lets see given the vol is so low, usually vol moves higher from such low levels are very painful. Anyway since we reached 2479 which was my long standing target, left the table. Vacation time has arrived
