We are in general agreement. IMHO, we are in the upper half of a trading range right now, possibly into 4th of July. Then the couple weeks of drop that you refer to will bring us to the lower half of a wider trading range. I don't think the bottom will fall out in that wider trading range until September/October time frame (if it does break to the down side leading to a massive cascade down). Just my humble opinion on the market short term movements, subject to change at any moment. Much is dependent on the monetary policies of the FED at that time.
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