JUNE into JULY Week - Running the flexible volume profile, we are exactly at the POC. The COT data as of June 23rd suggests that the AMs didn't add any positions whatsoever and in fact trimmed them. We expect a rally soon as the July month is when the AMs asset allocation cycle kicks in again. Looking at the candle close on Friday; somebody bought that 5% dip. I will take it slow and run options strangles and straddles and risk very minimal until I have solid confirmation. We have employment related data and Tuesday, Wednesday, and Thursday harbor some sort of level 5 news. Let's see if the AMs buy this week. We did the USA strike IRAN Friday; I wonder what will happen. ((NOT FINANCIAL ADVICE))
