Need Follow UP

Dear Readers, Yesterdays action can be considered the beginning of the downturn, but we need a confirmation. That means a strong down day with stocks going down outgunning the stocks going up. Until we see that, the down move is suspect. Besides we did not reach 48.25 in QQQQ, which is not mandatory, but usually is reached ( 1st Yearly Resistance). The JAWS(see previous post) need to be closed and closed hard. We shell see if it happens today. Currencies had a small rebound, possibility exists for that to continue, but do not count on it. US $ has turned and any chance should be used to go $ long into Sept. Gold Still Meandering as suggested into June/July. Energy staying up due to the geopolitical ( mostly ) support. It will top when the US stock Markets top ( soon ). Interest rates have been going up and could do so couple more weeks, but then lower as the economy will slow down with the anticipated stronger $. Good Trading