Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 18, 2017

WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 18, 2017

June 18th, 2017

craps front coverSTOCK MARKET STRATEGY FOR JUNE 18, 2017: The stock market is in a neutral position with an equal probability of going either up or down. Expect the market to set itself up for its next big move by creating a false small move in one direction or the other – followed by a stronger move in the opposite direction. If I had to guess, the market will probably decline throughout the week – setting up a larger rally to follow. All we need is the market to show some “oversold” readings in order to act.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “neutral” suggesting a balance between bullish and bearish sentiment. If we should get “oversold” readings in a few of the internal indicators or an “Extreme Fear” reading in the Fear/Greed Index, we could be setting up a chance to “buy the dip” for another ride up to higher highs.

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