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Assessment: The bulls held the line and recovered the futures yesterday…but they didn’t do much else. It is a market that seems very uninterested in doing much. The bears seem like they are out of momentum and the bulls have no interest in putting all that cash that’s on the sidelines to work. Until one side decides to make a move it could be some boring market action. No real catalysts coming up until earnings in July. Part of me wonders if this market will just flounder around through the 4th of July holiday.
Good luck in your trades!