201607.05
Off
12

SPY Forecast 7/5/16

 

The S&P 500 index proxy (SPY) sold off hard as a result of the “Brexit” vote, then formed a 100% retracement. We still see one last phase of bullish energy, perhaps driven by central bank intervention before this market can top out for good. We are monitoring the situation and will update you as this cycle unfolds…