A.M. Look 7/11/24

Indices are in grind mode, where they sit all day and melt up without much price action.

This is the same type of price action Nasd saw in 2000.

I need to see a 5650 print today for the Spoo to begin to back off.

Don’t lose sight of the fact that this is the second 500 Pt rally without a breather in the past two years.

Direction either relieves pressure by going sideways or breaking in the case of a raging Bull.

I will not be looking to chase new highs.

30 Yr. bonds could see a point lower or two points higher.

This will be a game for the algos.

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