S&P 500 to move lower into next week - provide nice entry point

2020年6月21日

I expect the broad market to move lower into next week and quarter-end, due to portfolio re balancing flows. The 2933 fibo level and the gap @ 2860 should act as support.

I expect the dip to be a buying opportunity as improving economic data, additional fiscal and monetary policy and the reopening of the economy provide support.