Volume says the doldrums are upon us. Nimble dipsters doing ok, but shorts are enjoying the continuing lower highs/lower lows action of the QQQQ's (hourly June chart). That, and the ridiculously low Vix/Vxn puts the sleeper hold on longs. No reason to change prediction of a slow grind down 'til July/August. All IMHO.
edit: I reserve the right to predict impending bounces and/or be dead wrong on the whole call :)
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