Due the fib channnels, time zones, trend and other indicators i expect a bull week 6-10 July to 3290, then ill short SNP by buying VIX CALLS (buy when SNP 3290+-). 13-14 July i expect a major correction 7-8%.
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Nasdaq must climb to 10650 before experience this correction. 13-14 July would be announced earnings for BAC, City, JPM and etc - this must become catalyst for the correction.