Hello Everyone,

Quick Note:  Solid rally today with good breadth prior to the Monthly Payroll report tomorrow.  For the short term, the SPX has moved up to the next zone (3890-3910).  Thus, the SPX is at an inflection point here and likely to see a gap on the news tomorrow which could kick off a trend day up or down.  To the upside the SPX has an open gap which would likely be tested prior to the CPI number on July 13th whereas a gap lower (that sustains) would likely target 3830 support.  The QQQ has also moved up into a supply zone which will need to be reclaimed tomorrow for immediate upside. 

Keep a close on the VIX which I will review below along with Big Tech (See TSLA triangle) for a good indication of short term direction.  Keep some hedges handy if you see a negative reaction. 

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.

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