Friday’s trade did give support to the minute wave 4 correction being complete and the next 5 wave sequence up being underway. The launch off of the Friday’s globes low was exactly what I needed to see to bring confidence from the market on the buyers being back in control. Yes, stranger things have happened in that Friday’s buyers could have been a one day affair with the sellers again moving in on Monday and drive the market down in the same fashion as it rose. I have included Fibonacci levels for both continued upside and downside should the sellers grab control.
June 7, 2021