Daily Reflection: 06.01

2 Jun

Not a pretty NASDAQ chart for bulls. With daily swing targets below us, an inverted hammer on the QQQQ’s and continuing fears of the Oil Spill, Greece and Spain, and not to mention our own US debt we could see a massive decline this week breaking lows. A break outside of this inverted hammer on the QQQQ’s should give us some short term direction.

New shorts setting up for tomorrow: AMED, M, SLW, UNP

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