Price action on Thursday suggested indecisive activity and a brief pause in a pattern of lower lows for around 2 weeks. Friday would likely now be a continuation of a downtrend that may continue now into a historically weak month with tax loss selling a feature by mid June. Cancelled Trump, Kim talks will provide a significant tailwind also. Whether Mike Pence was wise to publicise comparisons with Gaddafi I am not so sure. Sure sounds like a threat which is not going to be palatable to N. Korea.
Wine Friday, page-9
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