The S&P500 found support at the 200-day moving average, and the upward trendline between the April and May lows remains intact, but the ADX Directional indicators cross-over, switching to a sell signal. For the Elliott Wave, we're left with a higher probability that the S&P is still in an Intermediate A-wave (the 4th wave to be specific).
Hertz...even the company is saying it's stock will ultimately be worthless! Bear that in mind if you decide to TRADE it.
More commentary after the jump...Stock Market Outlook - Week of June 07 2020
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