Monthly – We see that May starts a Trend where we then move into September which starts the next Trend. June currently shows us our Highest Likely Target to form a High before Turning Down. Should July make a new High then it’s highly probable we see new Highs into August/September.
As of now our models point to a High in early June with a turn down into September.
Weekly – Our Models show a trend moving into the Weekly Target of May 27th with the potential for a higher High being made the week of June 10th which is very similar to our SPY Trend Models.
Thereafter we have a declining trend into the week of July 1st/8th
Should the week of May 20th break the Low of the week of May 13th then expect a turn down into the week of May 27th.
Daily – Our Target for an immediate High this week is May 20th with the possibility for a turn down into the 22nd. Thereafter we have a trend moving into the Friday the 24th. Should this week break the Low of 393.22 established the week of the 13th then expect a turn down into the week of May 20th and a bounce thereafter into the week of June 10th.
Summery – Higher High’s ahead. Pay attention to price this week as it will set the stage for price movement into the week of June 10th which at this time shows the highest likely hood for a High to form before a potential turn down into the summer.
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