08Jun2:17 pmEST
Stuck in the Middle with You
We typically do not get this sort of "summer doldrums" action until after the July 4th break.
However, in front of CPI this Friday, then FOMC next week with OpEx, our core thesis with Members over the weekend in our full Strategy Video was a lull into at least CPI.
Thus, keeping things light and tight was probably correct as that lull clearly plays out as we speak.
On the QQQ, hourly chart below, $305 below, then $312 and $315 levels above.
For now, I am stuck in the middle with you.