Jun 3, 2016

Update

The move lower looks corrective, it is shallow staying around the highs which so far confirms the plan 20 week cycle low behind us and higher for a few weeks. I think NFP will be the trigger for the final leg lower of this pullback lasting another 2-3 days.

DJIA looks more clear - zig-zag with target around 17600.


SP500 where is the correction it is making new highs:) It looks like expanded flat with a target 2080-2075. It should find support at MA200.
It does not look like it will break above resistance an go to the moon, a tight stop could be placed 10-15 points so lets hope that it will play out and we will have a nice entry on Monday/Tuesday.

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