Seasonality says down after FOMC statement on June 18. The markets like to bake in the FOMC news for the first 3 weeks of June, then sell. SPXSPYVXXNDXIWMTLTAAPLBA
Smacking opposite side of pitchfork and the late April to early May dark pool sell levels.
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SPX Futures, same idea.
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As a hedge I am long YM and short NQ the same number of contracts. This is the dollar value of that YM/NQ spread. Big move coming with support for banks (Dow Jones and hawkish FED) and selloff in tech.
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Daily picture of the YM/NQ spread.
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Doing exactly what seasonality and the last 5 years of June FOMC suggests. All news baked into first 3 weeks of June rally, including the final spike 1-2 days before Wednesday (today).