Hey Guys!
I’ve received a lot of questions since the weekend SubStack dropped.
I’ve been bullish on August since July, and the market continues to play out exactly as I forecasted weeks ago.
I have no plans to increase my cash holdings right now. Consistent with my previous SubStacks, I remain bullish for the time being, with the following targets still in play:
New all-time highs in the S&P 500
Double top on the QQQs at 750 or higher
As I charted last week, a break above 750 on the QQQs brings 792 into play.
Below is the chart I shared last weekend:
In addition, the mini Weekly Buy Signal that triggered on July 30th still has plenty of room to run into September.
My preferred Turn Dates remain either September 2nd or September 17th.
The Quant has also yet to issue a Sell Signal.
For all of these reasons, I remain bullish for now — while expecting volatility to pick up.
That’s why I like the October 21 VIX 20 Calls, and I’ll be looking to take those on Monday.
Lots of love.
God Bless and be safe,
-ST
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