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The Archegos Effect

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With todays rally from the lows, investors dumped oil and ran to tech.

ARKK Finally hit bottom in search of hope?
Trading Psychology 101


SPY is in harmony at 370/380. Key Area support at Archegos event horizon.
Phun is almost Over


This is setting up to be a short squeeze higher in tech for names like AAPL
スナップショット

China Tech names have been channelling higher with names like TME riding the top +2 STD Dev.
スナップショット

Check out the hat trick on tops since Archegos. China Tech, then Qs, and finally the RR.
What does China Tech, US 1T RR and Archegos have in common?


Qs bouncing off the same China Tech lows as RR hits resistance.

WHY?

You know me. You down with GDP?

Be prepared. July 13th AM is major VANNA/CHARM window of weakness.

While VANNA/CHARM are on vacation in San Francisco. VIX and SKEW will no longer be Hang Dia.
VIX vs SKEW : Still volatility below the surface

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