Sentiment Jul 3
Intermarket correlations:
- Middle East conflict is over
- Oil down, stocks up
DG gamma negative -> bullish
CPCE very complacent -> liquidity breaks
Dow above Dec low
NAAIM nearing complacency level
NDXA20 trending higher
NYMO 55
VIX very low
Seasonality - July best month in Q3
Conclusion: watch for a slow grind up