SPDR S&P 500 (SPY)

[GuTA]

Yep. Think we print some all time highs by late July / early August. Then I think we see a move to the lower end of the 2 year range as we head out of summer and into fall. Don't think we print new 52 weeks lows, but definitely a clear leg lower. Then we get our legs back and starting grinding back to about where we are now as the year winds down without a rate hike. I'll be playing those ranges as they unfold , but looking to get short again as we head into 2017 with the thought of the next rate hike coming next March.

A lot can happen to derail any of what I just wrote... But that's how I see it as of today