| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Neutral |
A quiet session ahead of tonights US public holiday. All eyes will be focused on Europe again as Spain comes under further pressure which yet again means probably more volatility. Spain is much more of a threat to market stability than what Greece is/was. We retain our view that a near term bounce has begun and this will be followed by another leg lower through the balance of June and July. Across my three trading portfolios I have just 2 open positions and am happily sitting in cash awaiting the next major swing higher.
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