Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 17, 2018

WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 17, 2018

June 17th, 2018

craps front coverSTOCK MARKET STRATEGY FOR JUNE 17, 2018Some internal indicators of the stock market are showing “oversold” readings, while others are trending down. This suggests that a short-term bottom could be setting up for later this week. I see this as a quick trading opportunity and may likely come with more bad news on the “trade war” front. The “Volatility Indicator” would have to reach oversold levels before I’d make that move with my trading account.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading 61 or “Greed.” This is largely a neutral reading and doesn’t suggest any direction for the stock market at this time. Any moves are likely to be short-term in nature. An intermediate top or bottom does not seem likely in the coming weeks.

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