After this horrible choppy month I hope we'll see a bit more action in June...
First, take a look at the three scenarios I posted last weekend.
Well, all three counts are still valid, although the bullish one is now more likely than last week.
The situation is as follows: long above ~930, short below ~880; sounds quite easy, doesn't it?
Since I still prefer the downside (at the moment I don't see how the market can break all the resistance lines and the 200DMA), I looked at the previous bear market rallies. I found some nice similarities:
Nice week folks! ; )