Almost a 6% gain today is impressive! All because a CPI report was a bit better than expected, investors are now melting up. Everything they sold yesterday was bought back today. And since VIX is in contango (quite sharp), I expect this to continue tomorrow, and we will see another up day. We are seeing a typical short squeeze that may gain momentum now. The path to $4,100 is still open.
If you want to learn more about our SPX weekly analysis, subscribe to our weekly newsletter.
Leave a Reply