VIX half cycle likely top today --- time to long SVXY/SPXL/TQQQ or similar as long as we don't close below 4165 today. Otherwise looking for a multiweek pullback (possibly till end of July). 50% position for the gamble for long but ready to take a hit if we really breakdown 4165 today.
Trade closed: stop reached:
close below 4165. weekly cycle pullback started.