SPX Not bullish, not bearish, summertime deadish

SPX Not bullish, not bearish, summertime deadish S&P 500 Index TVC:SPX Brukks The main view here is that the VIX is trading sub $13, likely sub $12 by CPI. So, based on structure, I don't really see a (probable) way that we complete the larger up-move to 5380+ without more accumulation. I think we will go through extremely painful high and tight consolidation and maybe make a breakout attempt in early fall. This idea will be invalidated by a break and hold of 5225. I am really really early in this view because of the options activity at the last few closes (monthly contracts). Anyways, I'm not interested in capturing these moves, and these posts are always for funsies, but this isn't financial advice. I think entering the market as a bull in fall if this plays out, would likely be a good move. I am showing the most bullish long-term outcome. A squeeze to 5300 (overthrow high), is the second most probable outcome if we can continue to grind higher, but it would not result in long-term bullish.

Continue reading at TradingView Ideas »