Week of July 29
Pivotal week. Treasury, FOMC, AAPL/MSFT upcoming.
Recap of last week
After turning bearish right before we topped, we looked to buy the dip this week.
On July 10, we exited the last of our swing longs.
On July 15, I turned bearish for the next 2 weeks. I reiterated that the Hammer candle on the July CPI would serve as strong resistance. We have been risk off since then. Until late last week.
I said on July 25, that another bout of volatility would confirm a short term bottom. That was the day we bottomed.
We have our swing longs now, but next week could be a minefield. Update to our positions below.
Next move for markets
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