Break of May lows shifts focus to late June for major low

Key Takeaways

  • Monday’s break of May lows is a structural negative in Equities, TY, Cryptocurrencies
  • Treasury yields pushing up to yearly highs along with US Dollar important
  • Short-term capitulation in volume with huge negative A/D bias
The sudden break of May lows across Equities, Treasuries and Cryptocurrencies means that a long-lasting bottom will now be likely postponed until late June. While many in the Media are discussing a “new” bear market for SPX, many of...

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