Sentiment Jul 3

Intermarket correlations:

  • Middle East conflict is over
  • Oil down, stocks up

DG gamma negative -> bullish

CPCE very complacent -> liquidity breaks

Description of the image

Dow above Dec low

Description of the image

NAAIM nearing complacency level

Description of the image

NDXA20 trending higher

Description of the image

NYMO 55

Description of the image

VIX very low

Description of the image

Seasonality - July best month in Q3

Conclusion: watch for a slow grind up