Friday, June 24, 2016

Jun 27, 2016 weekly outlook

I mentioned in a couple of prior posts to be on the look out for a "scary" sell off.  Friday should qualify.

The market may be ready to establish a bottom.  Usually more than 1 day is required to establish a bottom.  So at least the first part of next week probably (2-3 days) will be needed to do that.  See update to last week's post - Bradley Chart  has July 5 as a turning point....  Because the bottom probably will be higher than the Feb 11 bottom  I feel that Feb 11 was a bottom for the 9 month cycle  and the next bottom for that cycle will be late in November,  The next 2-3 weeks should clarify this.

GL traders

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