On June 1st, the weekly cycle count will start the 10th weekly bar, meaning the weekly cycle started from the March 23 low has survived nine weeks.  Statistically a bear market rally can’t last more than nine weeks. So if the stock market can continue to press higher in the month of June, then it will change the nature of the bounce from the March 23 low. 

You need to login to view the rest of the content. Please . Not a Member? Join Us