This week's updates forecast a slightly more tepid outlook for SPY and QQQ while the TLT forecast remains firmly in the channel established 2 weeks ago. The historical bias for a summer sell off has so far failed to materialize as the VIX hovers at 10 and incremental new highs are reached. The dollar has plunged below long term support and the low volume slog continues to create a risky trading environment with option premiums at dismally low levels and occasional flash crashes (due to a number of factors) scaring the bejesus out of risk adverse traders.
I've added a neutral range bracket (yellow) for all models set to one standard deviation.
This helps me set up option trading strategies like butterflies and/or iron condors easily.
Trader's Outlook is moderately bearish for next week.