Monday June 27 saw the worst pullback in the stock market since February’s retest of the 1800 support level. The pullback was all a result of the Brexit vote which sent stocks down to 2000. By Friday July 1 however almost all the Brexit losses had been recovered and the S&P ended the week at 2102.95 back above 2100. This was a much stronger move than I would have expected. My outlook was for the S&P to retake 2050 to 2065 and then this week retake 2075 and then 2100.
Market Breadth Indicator Outlook For First Week of July 2016
Here is the Market Breadth Indicator outlook for the first week of July 2016. FullyInformed Members can access this article through this link or they can sign in to the full site here. Non-members can join here or read about the benefits of a membership.
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