FOR MONDAY: (6/18) Stocks cycles look lower next week; gold looks like it could have a 2-3-day bounce from lower levels and the dollar and euro need to retrace those huge moves from Thursday for a few days. Crude not done until 6087 but short-covering likely to start soon before contract expiration.
SEPT. E-MINI S & P 500
S & P ANALYSIS FOR MONDAY: (6/18) S & P went to the edge and came back. The day after triple witch is often lower, and Sunday and Monday look lower with a recovery on Tuesday, and Wednesday and Thursday both lower. Daily stochastics are lower so we’re fine sticking with shorts into at least June 25. The chances for new highs seem rather small now. NQ is holding better and the numbers from last night are still possible, as high-cap stocks like Amazon can have an impact.
CYCLE SYNTHESIS: Lower into Sunday/Monday; recovering Tuesday; generally lower into Friday; lower into June 25.
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