The framework upgraded over the weekend. Composite is now +4/9 — up from -2/9 ten days ago. All three layers are on for individual equities: bonds, equities, and risk assets all confirmed. The macro indices read EARLY CYCLE (risk layer still pending BTC confirmation). DNA is the primary setup: Signal 2 active, Dev Filter passing, 100% win rate across nine completed signals. BTC is COILED at 98% — the tightest volatility compression in the scan — sitting at $64,175 with the Dev Filter open. The next move on BTC will be large.
FULL RISK-ON — EARLY CYCLE. This is the framework's first full equity-layer confirmation since before the June correction. Composite +4/9. All three layers are on for individual equities (bonds ✓, equities ✓, risk assets ✓). The major indices read EARLY CYCLE — bonds and equities confirmed, risk layer (BTC/crypto) still off. The VIX is at 18, low-fear territory. Macro bonus is +3 for individual names, +2 for index plays. Breadth for individual stocks is NEUTRAL (McClellan –22.8, Summation 250) but improving on index-level breadth (McClellan +21 to +34 for SP500/NAS100). The bond-equity correlation is at STRESS RECOVERY 0.54 — still elevated, not yet normalized — which is the residual signal from last month's volatility episode. Everything is trending in the right direction.
The framework is in FULL RISK-ON for individual equities — bonds, equities, and risk assets all confirmed, composite +4/9. The indices are running EARLY CYCLE (risk layer still pending BTC), which means the macro backdrop supports but doesn't fully confirm the move. Individual names are further along than the broad market. DNA has a live Signal 2 with the Dev Filter already passing and a 100% win rate on nine completed signals — that is the cleanest entry in the scan today. The setup landscape behind it is deep: AMZN and TSLA are both one signal away from qualifying, BTC is coiling toward maximum compression with 98% volatility tightening. The number that changes the macro regime: BTC through its institutional VWAP anchor (~$66,000) would engage Layer 3 and upgrade the framework to full three-layer confirmation.
Enter your Cantillon Research subscriber email to unlock the complete June 22 brief — DNA Signal 2 full execution plan, AMZN short setup framework, BTC COILED 98% analysis, all index reads, and the Cantillon Synthesis.
The IVT framework reads institutional volume, compression, and VWAP deviation to identify high-probability setups before they move. DNA. AMZN. BTC. Every session, structured.
Subscribe for Elite Access →thecantillonreport.substack.com · cantillonresearch.com