Barring some negative trade war development, we should see significant upward movement in equities this week. Lots of underlying energy. A positive trade announcement, which I completely doubt, would be astronomical. Being long tomorrow will pay nicely before Friday. Wednesday at the latest.
Just a feeling/hunch, and I've been wrong before. But sometimes, I'm not :-)
Just my guess (best to fade me) we need one more push lower to complete the correction. 7100ish on the june Nasdaq e-mini.
FWIW. No expert here but the equities just seem tired to me. Full disclosure. Been shorting the emini occasionally the past 6 months.
Not living up to my expectations so far, that's for sure. They've tried to rally a few times, but get beaten back down.
Went a little farther than the 7100 ish but we will see if this was an ABC correction or something else.