06/23/2016 Daily Commentary: Markets popped up today, as the S&P 500 is almost back up to the 2121 recent high. Failure to make a Higher High would be “Bearish”.
Markets obviously know the results of the EU vote, and Smart Money should be selling soon on the “Good News”.
New Subscribers: Caution! Many of the Strongest Funds are back up in the Red Zones. If the Markets “Gap Up” in the morning, we will probably raise Sell Stop orders very tight on our Current Positions (if S&P 500 stalls at 2121 Resistance).
Money Wave Buy soon for TLT & BIG . We will email when they are ready.
Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.
