In my post on Sunday 1st June I was looking at the historically bearish leaning stats over four of the next six trading days and looking for a modest retracement that we then saw. I also mentioned that the last of those bearish leaning days was today, and that tomorrow through Monday 16th lean strongly bullish. Wednesday and Friday next week are the day before and after the holiday on Thursday 19th June, and lean neutral to slightly bullish historically, and we would often see modest volume and trading ranges, particularly as Friday is also quad witching June opex.

This is the start of a bullish opportunity window that may last for the next month or so particularly as the very important case on the legality of most of Trump’s tariffs being reviewed by the Supreme Court has been delayed until the end of July, and the 90 day window that delayed most of those tariffs in April is currently scheduled to expire on July 9th, with a general 50% tariff on all important from the EU also scheduled to start that day. I am wondering whether we might see a further 30 day delay of that July 9th window into August to land after that key Supreme Court decision.