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WEEK OF JUNE 15th-18th - THINGS LOOK VERY BAD. COT data suggests that last week drop and prior to that; the asset managers have accelerated their distributions. There isn't any buying pressure. The 50% pump we had on Thursday and Friday are the leveraged funds covering their shorts. It was a short squeeze. We might get to fill that GAP on top, but the flush might continue until the AMs start buying again. The flexible volume profile suggests that the 5% drop was not a natural drop. This is a bearish indicator. The market is on life support. Because of the IRAN-US deal happening over the weekend; SPCX IPO finally out and the no more PDT rule.... More bullish inflows. POC at the top. We can see a gap fill and then trap bulls into sell off. A major level at 720-715 SPY is awaiting. Let's see what happens. Last week of max pain. DO NOT PLAY OPTIONS. You will get murdered in that. Don't chase breakouts. ((((( NOT FINANCIAL ADVICE )))))