abnavin

abnavin

S&P is in an intermediate downward channel, June 18th was an outlier;unexpected rally, but I feel S&P will adjust and confine tself to the channel that is kind of established for so many sessions. Due to Greek uncertainty, I feel this will continue into next week making people take profits and stay on the sidelines until a resolution is reached by June 30 ( if...

abnavin

S&P may fluctuate between 2120 and 2080 (projected) for the week of Jun 15. I would say mostly it will be an upside bias.

abnavin

Longterm channel has an upward bias, however SPY had a breakdown of the upward channel last 2 days of the week and purely due to anticipation of jobs data on Friday and some profit taking. I suspect SPY will gap up on Monday (6/8) and should probably be above 209.77 support (Projected). Point to note is DOW has gone below 18,000 (this being the key), so I...

abnavin

ES appears to be in an intermediate downward channel, however is under outside upside bias channels. So I feel ES can go 2140 for first time this time, but also downward towards 2085-2095. Let's see how the projections works for June 2015... :)

abnavin

As I see VIX in general has downward bias. Downward pitchfork inside a downward channel as well as Wedge forming. Projected area shown - that I feel VIX will be in June 2015. But I may be totally off. :)

abnavin

AAPL Dev Conference from Jun 8-12. Anticipation and volatility will potentially lead upside next week. And if AAPL goes up, it will take S&P with it. June is usually one of good months for stocks.

abnavin

SPX within sideways weekly channel has potential to go up or down. 2100 seems to be key support and watch for DOW 18000. Anything lower than 2100 and <18000 DOW we can go to 2075.