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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Friday, June 12, 2020

Decent down day, whats next?

I had thought we would have a few down days into Monday hitting S&P 500 3000 by then.
Instead it happened in one day!

I do think there is another leg up before new lows, and likely into July before it does start down.
But be careful, this could be the start of the new trend to below previous lows.  This would catch everyone off guard with no winners!
I am still thinking we may have a down open Monday before we can resume up.

I wouldn't be surprised if we have an up day Friday.   If I am convinced we are in the final leg up, I'll post.
Good luck!

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