It sure looks like the Fed is looking to cut interest rates for the July 31st meeting. But how can it do such a thing if the market is making new highs....that would not make any sense. So Here is my idea. Lets see if I am correct. In the next few days...IMO....I think that the SP500 is going to move up to the neck line of this possible inverse head and shoulders pattern. I think it will reach approximately the 3020 range before swiftly moving down until the Fed cuts rates on July 31st. That's it. I am not sure how deep it wil go but it could be possibly one heck of a TVIX play. This is just an idea for you to ponder.