I believe there's so much pressure against the bulls, that they wouldn't be able to even test this next resistance level.
We'll see.
UPDATE (06/16/2015): The market ended up coming down to the bottom of the wedge, and retracing back to the top of it. Market is still over bought and needs relief. I'm still pro bears in this situation.
We'll see.
UPDATE (06/16/2015): The market ended up coming down to the bottom of the wedge, and retracing back to the top of it. Market is still over bought and needs relief. I'm still pro bears in this situation.