DPR Update – Monday, June 26th, 2017

DPR Action:  New Info on the DPR, Login for details

The market will not go down without a fight.  Even though the Nasdaq in particular closed lower today, it’s not really aggressive selling yet.  So perhaps it is determined to go higher.

Anyway, I have a buy signal here.  My preference would be for the futures to continue lower overnight so that some more selling can take place before I take a position.  But the system has given me an order, so that is my line in the sand.  If it crosses it, I’m back in for whatever journey it may take me on.

Having taken a look through the economic calendar this week, there is nothing there that will be earth shattering.  Draghi of the ECB will be speaking on Tues and Wed, and there are a few speeches from Fed members this week, but Retail sales on Thursday looks to be the only major report I think.

Therefore, with a lack of volatility, the market may be back to marching higher.

Bring on the bulls!

John