Smushed Vix

The fourth day of straight up action wrapped up the second quarter.  This morning the bears were caught off guard again on a much better than expected Chicago PMI report.  The VIX continued to get creamed before the long weekend and is at an attractive level where it had typically reversed.  We are really due for a pull back after this nonstop run.  A retrace to setup another rally on the very high probability of the USA debt ceiling being raised sometime in July is a possible scenario.  Have you checked out the new ETF Rewind Lite, ETF Rewind Pro and the new videos?  We stopped right on the 132 level mentioned in last night's video.