7/28/16 WAS down -$0.70 and the model projects that the component on yesterday's kill will plunge by -0.55 to -0.85. The QQQs are discount to the component by -5.24. I don't think packers will take that much off their bids in 11-trading days so I expect the QQQs to rally a little.

Packers only purchased 80.2% of the moving average daily purchases yesterday.

Best wishes,

dhm