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July 20-24th-It was quite the week. Turns out the AMs are using the short term buys from retail and short terms CTAs buying pressure as exit liquidity. As per the July 14th COT data; the AMs are actually cutting their exposer are they are waiting for valuation from the bigger companies like TSLA and ETC. 
"The numbers reveal a highly specific posture: Asset Managers are not flat-out net short in terms of absolute numbers; they hold the structural long core of the market. However, their velocity has flipped. They are aggressively selling into the highs to reduce that net long figure." - Gemini
The AMs are cutting their positions and choosing to sit out for now. Lets see if that can change soon. 
Based on this calculation; using the flexible volume profile; the POC is around 670-700 on SPY. -11k change for AMs on July 14th.
OPTIONS- Priced lower than previous highs and lower than ATHs- Lower Expected range at 728.
ROTATIONS - XLE in lead. XLP, XLF, XLV picking up while XLK is getting slammed. 
-THURSDAY JOBS DATA
-EARNINGS - M - Banks; W-TSLA, GOOGL; TH-INTC and others.

((NOT FINANCIAL ADVICE))