Jun 3, 2016


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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