Bullish conditions can remain embedded in overbought territory for 1-2 month. The extreme reaction that occurred in March will lead us to an extreme reaction in the other direction for most of the summer.
Expect a multi-day pullback between July 10th-15th to recharge the markets for a push to new highs into the FOMC meeting, July 29th. We remain in a buy-the-dip market into late August and possibly September.
We are coiling sideways preparing for a large move up. It should take place over a 5-6 day period. Sit tight, remain patient, and we will be rewarded in July.
Limited upside remains and we have a reversal window between July 15th-17th for the metals complex.
We in profit in the oil trade and expect a short term top later in the week. Expect oil to climb higher into early September.
Expect natural gas to put in a short term top during the 3rd/4th week of July. The trend remains bullish into November. Our system tells us the low is in.
A close over $17.30-$17.50 tomorrow should launch SPCE towards $20 quickly. This company has a cult following among private investors and the hedge fund crew is just starting to wake up as they see a viable revenue model being built.
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