If this market races to a new high it is extremely bearish IMO.
If we continue to copy '87 as we have been doing with same price action and same indicator readings then June will be a shallow correction/consolidation.
It needs to stay that way right through to month end, and then it can go higher for 3 months.
So the bulls should want to see anything but a new high this month if they want significant new highs later.
correction getting much closer now., page-11
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