Friday, June 25, 2010

My Vote: Not good enough bulls

Bulls had a chance today but did not come through. Yes I am sure we will see some type of short term rally early next week but bullish scenario is off the table. Next stop is 1008 SPX into early/mid june. While we closed above 1075 this is not a victory.

I really do not know for sure how this will unfold into the 1008 - we now have to determine if we are dealing with the tame bearish scenario or the strong one. Sunday night will lead the way for either a bullish Monday (could it be?) or follow through.

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