SPX → $7,800.00 by Oct 28, 2026.

We discussed previously how the market maker positioning had got extremely sparse. And that the last times we had seen this to this extent were around March 2026 and March 2025. That's the bearish side of the data. But it is worth noting that he himself spells out that potential drawdown aside, the results 3 months out were extremely bullish and that such sparse dealer positioning typically points to a sharp turning point ahead. Let's review: His chart was the …