Jun. 1 at 6:03 PM
Heading into next week i am of the view that, while there is a lot to like (watchlist of favs for long is healthy in size and growing, breadth indicators improving), this is not the place to be entering/adding to longs
Ideally we see
$QQQ fill the weekly gap (~5% pullback to 490.00) while Junior Qs
$QQQJ, and midcap and small cap growth
$VOT $IWO show relative strength.
There were a lot of accumulation bars for the month of May. I've come to find that often times the lows of these accumulation months get retested on light volume, and make for great entries.
Patience is key, continue to keep an open mind
