Weekly post:
Trend still points up just as I forecasted last week, in a compressed vol/upward drifting rangebound manner. Call wall keeps being rolled upward, while economy is ahead of the staglfationary shock from the H2.
Last year I signaled MSFT top, also FNMA and MOH keep printing.. even tho we are not in the cycle when these stocks will show their values.
ES=F 7200 is a pivot, but volumen is low, so we should not expect momentum. BTD intraday environment at worst.
Let’s look at the positioning…
