FOR MONDAY: (6/25) Trade is processing the aftermath of Friday’s OPEC meeting so may have wild action on Sunday. Stocks getting more serious about shorts and metals running out of time for new lows by Sunday night or early Monday. Dollar looks lower into Sunday.
SEPT. E-MINI S & P 500
S & P ANALYSIS FOR MONDAY: (6/25) We had suggested lightening up on shorts at 2758.50 since we rushed in. Hopefully you left some on. We’re still bearish for next week but won’t rule out a C-wave higher to max. 2776, which seems a long shot. If the 2775 region comes in, it would be a place to add more shorts. Next target should go to 2739-40 and then 2710.
CYCLE SYNTHESIS: Generally lower into Wednesday; sideways short-covering into Thursday; Friday.
