Stocks will be supported by ETF options distributions at these levels right now. We will take a look post options expiry this Friday, but with a five week options cycle set to kick in for September, stocks could get a lift going into month end.
I would be looking to short early in September in a perfect world.
This might sponsor a correction in PM’s into this time period –flatish as it may be if the last few days are any indication.
No sweat if that’s the case.
Cheers