Sentiment Jul 8
Intermarket correlations:
- Middle East conflict is over
- Now watch yields, trade war is back
DG gamma negative -> bullish
CPCE very complacent -> liquidity breaks
Dow above Dec low
NAAIM nearing complacency level
NDXA20 trending higher
NYMO 60 -> 20
VIX pop
Seasonality - July best month in Q3
Conclusion: sell rallies