Outlook June 7

Has been a wild week.
Stocks rose initially, as we expected, but fell back steeply on Friday.

Going forward we remain in Green Period, so I would look for the market to try the upside again this week.
If the rally turns out to be weak then we are probably in for another leg down in the second half of June.
So we have to stay very cautious here.

It will be very important for the Nasdaq to hold the 2150 level.
Otherwise a drop to 2000 or even 1900 is in the cards.

Good Luck, Danny

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

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