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Market Outlook for June 17th – June 21st 2024

We are up about 3% already for the three months of Jun-Aug and this was the push I was looking for

I expect a pause to pullback coming relatively soon. I believe dips will be bought and we will see a more broadening of the rally. I also expect pullbacks to come toward election time.

From a charting perspective, this might be my favorite chart. It is also an inside week.

This CAVA 195 is also a nice chart – I don’t think it has setup to an A+ yet, but potential is there.

PANW possible setup here to get into gap – it has a 3d ICB you could play- or just wait for a TTM SQ

If the market is weak then I am going to go after SEMI names like AMD and/or NXPI

NXPI is a failed breakout on the weekly

AMD is the bird pattern but upside down.

However, if SEMIs are strong, I will continue to play AVGO as it runs into its split.

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