The market continued its climb this week but looking at SPX, it paused on Friday after filling the large gap that was formed at the beginning of June.
Considering the following points, there is a high probability that the market might go down next week.
- The FOMC meeting next week
- Looking at VIX and various VIX indices they are still way too high
- There is a gap at around 3800 levels for SPX
What are your thoughts?
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