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I had a feeling the big gap up on 7/2 was going to fill before heading higher. Now that looks like a near certainty, especially considering the "volume vacuum" inside this gap. SPX 1325-30 should eventually provide strong support.
I should mention JTS is likely going to cover its short position, but probably won't go long yet. With CCI already long, this is going to move the JTComp half-long on the close.... that is assuming nothing changes in the next hour. I'll update in a bit. Thx.