June09: Recap

The markets put in a Doji for the month of June, not surprising after one of the largest bear market rallies ever. Small Cap and Tech acted relatively strong this past month.

We will keep an eye on the SPY, DIA, QQQQ, and IWM volume as we anticipate a drift sideways or lower from here. If we do breakout, we will look to a spike in volume to confirm this rally. Remember your timeframe; a candle is not formed until the bar is complete.