Stocks were on fire last week. The bullish trend shown by the ADX is strengthening. Price/volume action remains positive, with no sign of heavy selling recently.
The market made also swift work of last week's update to Elliott Wave, blasting past 3041 and invalidating the count I was showing. If we get back to 3393, then we'll have to re-evaluate the Feb-Mar decline as well.
It's hard to believe, but the SP500 is just about even for the year!
More commentary after the jump...Stock Market Outlook - Week of June 07 2020
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