WE got a very rare option event on thursday, which got me heavily short xiv. The put/call ratio for the $vix was skewed heavily towards puts, which last time it happened we got a quick 3% drop.
My gut is we go sideways, 2420 to 2480 this week, before falling 5 to 10% into early oct.
Most indicators still bullish, but a strong august usuall followed by a correction into oct-nov.