It’s a half market day today on account of 4th of July. So we won’t be expecting much action in stocks today. We did see a dip in stocks from highs off NFP, but admittedly not quite what we were expecting as diagrammed in the Elliott Wave corrective wave shown and the red arrow. We do expect stocks to make a run for highs again, but there will likely be a correction before this, unless there is an extremely important news event. Otherwise, expect stocks to range today. Note the lack of volume and that the Kovach Indicators are relatively neutral.
Stocks are likely to range today since the markets will close early today.
