New Month, New Range?

Q2 Commencing

Good Afternoon!

We’ve reached June and finally approaching some of our key flips such as June 3rd. This past week, we had good odds of negating continued downside, as long as the 27th and 28th acted accordingly. We were successful in negating major downside on the 27th by retracing back up but unsuccessful in continuation for the 28th, after stalling 5958. These were the conditions that had to be met, to increase odds of re-entering the zone as early as the 28th and pushing the 6k mark. While we were still able to break back above 5988 and even tested 6008, we had low odds of continuation due the move being slightly late. This put us back in the realm of going sideways, which is exactly what occurred.

So, do we have another week of back and forth action or can we finally catch some traction this time?