US Equities Corrective Moves are Relatively Good

That depends whether you're a  'Bull or Bear'

With the way prices has moved after that rebound Monday, a lot of mix outlook from analyst have driven market players around the word 'Uncertainty' again. With Oil prices taking center stage as it drifts lower into negative territory as it has been officially claimed have caused DOW & SP500 prices to follow suit after Monday's rally. And the obvious price action between these two (2) indices are relatively contracting as we see today.

Currently, with Oil prices trading @43.35 along side with the precious metals such as Gold below the USD1250.00 as the USD gains ground from its 96.32 basis point low from last week's trading activity is something to watch for.

This includes the probability of a market consolidation with price swings in both directions could occur even after June 23, 2017. Where we do expect some market volatility being the triple witching day a week ahead to the end of the 2nd quarter trading for 2017. The level of difficulty contrary to this is the fact that we have called a wider price swings after the USD reached its 103 bp mark and drifted lower at the mid-range of its high and low band. And is currently at a price recovery mode @97.70.

Our take on these equity indices declines are limited to an orderly correction in the double digits contrary to what others have been clamoring for. But these moves would barely budge well selected stocks as investors alternating  trade plays dominate alongside the Nasdaq and Dow equities. Which is what we are applying are trades from as well. While all these price swings create a price pullback well within the session that also includes validation from technical divergences that have occurred prior to the continuing trend.