A week ago I said “the best I can see for the bulls is a rally that peters out by July 8. I can even see the June 18th high of 1654.19 being broken – but not the May high. This is not a prediction or what I expect but the best case bull scenario I can envision.”
I Just wanted to pop in and let you know that I have no changes to that view. The only thing I want to point out is that Monday’s action not only took us to the 50% retracement line of the entire decline but just about tagged the underside of the Beta-X trendline. Was it a kiss goodbye?
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