High Risk for the Coming Week
Expectation is the white path, if we breakdown around June 9th then it will tank to 3700s by end of June
If downside isn’t explosive and takes longer than end of June it will likely bounce (dashed path)
Max upside I see is 4310 but it has the setup to drop from here directly on a sell the news June 1st when debt ceiling gets raised
Any delay in a deal will be bad. I think the NASDAQ is going to lead the way down due to its increasingly unstable setup
If downside isn’t explosive and takes longer than end of June it will likely bounce (dashed path)
Max upside I see is 4310 but it has the setup to drop from here directly on a sell the news June 1st when debt ceiling gets raised
Any delay in a deal will be bad. I think the NASDAQ is going to lead the way down due to its increasingly unstable setup
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