Sentiment Jun 30

Intermarket correlations:

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

DG still bearish

CPCE very complacent

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Dow above Dec low

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NAAIM nearing complacency level

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NDXA20 and 50 making double top

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NYMO 23

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VIX tiny hammer

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Seasonality - Jun weakness in second half

Conclusion: wait for 4H reversal signal