Tuesday, June 30, 2015

End of Month rally coming.



Monday Close
Adx –DI at level seen only near 10-15-14,5-18-12,8-8-11 major lows.
First blow out day I have had in 71 TD.
EDT possible calling for low tomorrow.
My parabolic indicator calls for low tomorrow.

So I had the 29th-30th picked for a low. EOM window dressing coming.
Depending how low Tuesday is will tell the story. The –DI could go higher (bearish) and the MFI (money flow has room to go down,bearish)
No new low up we go, if a new low it will be tested in days if market is as weak as it appears.
My call- Of course we will open strong Tuesday but will it hold? I think not with more of a chance to buy Tuesday.

This may not be about Greece, but China and Porto Rica. 
Jerry

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