Greetings from the cool northern planes lads!
It is with humility, and three days without hot food that the good scientists of iBankCoin labs took to the satellites to connect with mother ship and prepare a strategy session for the end of June.
Last week we came out with a bearish call. Come Monday, before we even had a chance to take action, the market made it evident that selling was a fool’s errand. A pro gap up and opening drive higher nullified the Sunday reading.
Sometimes you have to improvise if you intend to survive.
Therefore, it comes as somewhat of a relif that the systems generated a neutral reading heading into next week. Neutral, barely, by 0.02. Still, the model is neutral.
We are headed into month end, and into a weekend most 9-5 corporate slaves will use to celebrate AMERICA earning its independence. Then they will independently imprison themselves back to their low-purpose job. Summers were intended for man to fart around, following whichever whim pulls at him most. Do not let anyone tell you otherwise.
Models are neutral, the heat wave has passed, we are blind headed into July.
Exodus members, the 137th Edition of Strategy Session is live, go check it out!
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