13-Jun

Bear renews attack

Hello SpikeTraders,On the heels of brutal Thursday and Friday, today we had an even more brutal Monday. You may want to review Kerry’s NHNL post from Thursday in which he described what the market needed to do to recover its intermediate uptrend (spoiler alert: the market failed to accomplish that on Friday). The Sunday SpikeSpeak was headlined “May lows in jeopardy.” Today those lows are history, as the market hit a new low for the year.Let’s take a look at our charts…

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