No more economic reports for the rest of the day. The market most of the morning has stayed above its VWAP line, and has corrected 50% of yesterday's range. June's open price is holding as support, and the market has completed a two-day, three-wave correction.
The last ten days of June is statistically bearish with typically five ups days and five down days. The July and August periods are typically a sideways market with the third week of July being a sell off week.
After the open, let's see if the market test either the overnight low or yesterday's low.
Charles
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