S&P reversed in May, and re-confirmed its reversal this week. Nikkei is approaching the reversal point just now. There is just one tiny subwave 5 left, in which the market may try to set a new high or match the previous one. After that we are going to observe a quick (1-2 months) retracement of the ending diagonal, travelling to 16500-17000.
I think the first trading day of the month, 1st July, as usual will be a good starting point for a sell-off.
I think the first trading day of the month, 1st July, as usual will be a good starting point for a sell-off.