sp'60min
Summary
..and another month comes to a close.
This was month'32 of the grand wave from Oct'2011.
I continue to have the hope (if smaller each day), that we'll get stuck this June..or July.
Problem remains - at least as I see it, even if we do eventually see a strong (if brief) 2-3 month wave lower, the central banks will go crazy with the PRINT button, with the market rebounding even stronger than it did in late 2011.
I hold to the original 'grand outlook' that we'll see broad upside into late 2015/early 2016. More on that later this evening though...
*I am entirely on the sidelines, and have little intention of getting involved until at least next Wednesday. I'd consider a minor short side trade..perhaps...based on possible disappointment at the next ECB of June'5.
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Have a good weekend
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*the weekend post will be on the World monthly indexes
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A late afternoon update from Riley, which will likely suffice for the weekend
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