The video in this report is only accessible to members
The video in this report is only accessible to members

Trend bullish- Expect rally up to SPX 4325 into end of week before possible minor stallout; Pullbacks should be buyable when they occur for additional strength in June.

Wednesday’s minor pullback in Technology doesn’t do much to reverse the current bull trend, despite $QQQ having fallen by -1.5%.   SPX showed losses of just -0.33% while DJIA was actually positive, with stocks like $CAT, $CVX, $BA, and $GS all higher by more than 2% on the day.

While many might view NASDAQ decline as being a short-term negative, the broad-based advance in US Stock indices continued Wednesday.   DJ Transportation Average showed a very sharp rally to multi-day highs which helped Industrials.

Furthermore, Energy showed compelling signs of trying to bottom out with Exploration and Production stocks having rallied sharply following a WTI Crude rally of $4 in the last three of five trading sessions.

Finally, the Financials rally in recent days also looks to have positively contributed to the recent broadening out in the US stock market rally, and this also looks to continue in June.

Overall, Wednesday’s price action largely proved to be a stark contrast what’s been seen in recent weeks, but a one-d...

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