Hammers74Mi @Hammers74Mi: "$VXX has fallen to..."

Italy

$VXX has fallen to standard levels over the past week but with volatility still high. $SPX500 recorded a very positive week even if with lower volumes compared to the previous week. The breadth is growing and at good levels. We need to see how the index reacts this week because we are close to an important resistance at 5.585-5.564. At an intermarket level we had an essentially stable $DJP in which we must however record a significant increase in $GLD which reached new highs and whose trend does not seem to be stopping yet. $GLD is still very strong demonstrating that the situation for the FED rate cut is not yet clear with $UUP still demonstrating its weakness. On the bond front, $TLT still records an appreciation with a probable upward trend in the short term in which, however, we could record a retracement as inflationary expectations are downward but there is not yet a clear confirmation in this direction. Confirmed by the fact that inflation is decreasing but sales are still increasing even if production and purchases are decreasing, accompanied by a decreasing risk appetite. I can still expect an appreciation of $SPX500 perhaps to retest the highs at 5,600 with a probable retracement in September following the failure to cut rates. Among the interesting sectors we only have $XLC but with less strength than in previous months. We are not yet seeing a sector rotation that could give new vitality to VTI. So at the moment I remain at the window watching, managing the positions I still have open. I hope that my analysis can be useful to you and if you liked it please leave a like and follow my page for future updates. Thanks and happy trading.

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