Friday, June 5, 2015

June 8, 2015 weekly outlook

During the week one cycle bottoms, one tops, one is down, one is up.  Looks like the trend of the last 2 days should continue for 2-3 days early next week, and then reverse the second half of the week. The down turn I expected early last week did not start until Thursday (appears I was off by 2-3 days in calling for a bottom this past week).

So it appears the bottom should happen by mid week this week and reverse up for the last 2 days of the week.  Hope I do better this week in calling the turns....

GL traders

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