While this week's forecast updates remain essentially the same as last week's the short term odds on SPY have morphed to neutral, QQQ has accelerated to uber bullish and TLT has regressed to a lower level channel (although still comfortably within our target butterfly channel.)
Trader's Outlook remains bullish based on their trend following paradigm logic and most earnings reports so far have been met enthusiastically. Geo political risks have moved to the back burner and will likely stay there until the calm before the storm is erased.
