Close / Trading on June 17 below 6302 = Good Sign
Assuming we see a close today below 6450 we are setup tomorrow to see a slight pullback on lower Sunday trading volume (as is the current trend for weeks).
If we see tomorrow's close below 6302 we are in a nice territory to see a reversal next week to kick off at least a 1 to 4 day of slight upward momentum before the market decides to pull back further or make a true reversal.
I'd think we'll see at least a few days of positive movement to kick off our week given our current trading environment.
If we only see a 1 candle correction to the upside before a further continuation down, I'd expect another possible push down into the 5000's to end next week. Upon which I'll be increasing my positions.
If we see tomorrow's close below 6302 we are in a nice territory to see a reversal next week to kick off at least a 1 to 4 day of slight upward momentum before the market decides to pull back further or make a true reversal.
I'd think we'll see at least a few days of positive movement to kick off our week given our current trading environment.
If we only see a 1 candle correction to the upside before a further continuation down, I'd expect another possible push down into the 5000's to end next week. Upon which I'll be increasing my positions.