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

The bounce in US Equities should be nearing conclusion over the next 24-48 hours, and it’s thought that prices might be still vulnerable to selloffs into end of Q2.  Wednesday’s initial Equity decline failed to get much traction before turning higher, and both Treasuries and Equities seem to be back on track. Interestingly enough, the bounce in both could prove short-lived for now, and might give way to a pullback in Equities as Treasury yields push back higher. Similar to yesterday’s thinking, upside should prove limited to 3850-3975 before turning down to challenge and likely break last week’s lows. This in turn should create an excellent buying opportunity into end of quarter, as it’s expected that major lows should be right around the corner.  Any decline back under 3707 would suggest a move back lower to test and break lows should be underway with ultimate support targets at 3505-3600.  Bottom line, this would be the important downside area to keep in mind for those who might be more trading oriented.

The video in this report is only accessible to members

Crude oil decline at/near support; Expecting three-wave bounce before further selling into July

The severe setback seen in Crude and Energy stocks looks to be nearing support after a v...

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