ES - 1 Hour Globex Gap Fill / VIX Settles Tuesday 4PM EST

Updated
Price will resolve to the August VIX into Settlement.

Summer Solstice Trading provides the Riggers on the Trigger with the opportunity to
Squeeze and Squeeze and Squeeze, while whacking Miss Vix Mix.

After 3.5 Weeks of a compressing sideways Range, the Bulls are leaning towards the
larger move up now that the 3902 Gap has filled on Brando's UAE "Victory" Bump.

"Inflation will be tame in August due to Energy coming back down... EPS Who cares
the FED will be forced to contract the Curve and reel in Hikes and reverse during
November... Wheeeee.... "


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Observing the AUG VIX @ will provide further clues as to the Indicies' ability to
continue the squeezer. I am using the 27.50s to lows for the Extension Lower as
JUL will continue to be sold into Settlement or should over the next two days.

JUL Broke its Price Objective in the prior Range from 29.30 to 25.80. The Riggers will
likely continue to take Ms. Vix to pound town.

Given the Fed Funds Futures Curve has now flipped back to 75 Bips, as the 100 Bip
probability crashed from 86.7% to 36.8% - Wally World has checked the Mission accomplished
box. 75 Bips is now @ 63.2.

Of course, there are additional Data Points ahead this week, but until the RIggers post it
up there is a great deal of squeeze cheese left in the tank. Opposing forces in the Data
have given way to a less hawkish FOMC for July... for now.

Golf Clap for the Pricks.

Out of the Sand Trap to cornhole for birdie.

"Sh_t Mix VX, our tool in trade during the Summer Solstice Bonfires."


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Leaving Gaps behind... a sign of Extension after Extension trading to induce the FOMO
chase after 20 days of Choppy Range with a bias to the upside for now. Pullbacks will
likely find increasing Leverage into SPY Calls and the MANGs hooking some deep love
as well.

How long can it last? We'll see, but the aspirational Bulls will be handed their heads again,
of this, there is little doubt.

My strategy remains the same, Scale into Cyrve Puts for a dismal Q2 EPS reporting season
and hook the ride due south into October.

December will be the SELL Contract, September the EHdge for Higher.

We'll see how the Dollar, Bonds, and FX behaves into Month end and Jive Freddy's big day
on July 27th.

Appreciate the chasers, they'll give us higher fills. FOMO cuts both ways - Patience wins.
Comment
AAPL TSLA AMZN Call Buyers are back.
Comment
Chips Act on Tap this week will provide a tailwind for SMH, Nancy's bet biggly...
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